A company wants to purchase a machine for $100,000. The company has a loan with an interest
Fantastic news! We've Found the answer you've been seeking!
Question:
A company wants to purchase a machine for $100,000. The company has a loan with an interest rate of 8% per year, compounded annually, and it plans to repay the loan in 5 years. How much will the company need to pay each year to repay the loan in full?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
Posted Date: