Draw Cash flow diagrams Set up and solve problem in Excel If a person borrows $8000 from
Fantastic news! We've Found the answer you've been seeking!
Question:
Draw Cash flow diagrams
Set up and solve problem in Excel
If a person borrows $8000 from her bank at an interest rate of 12% per year for three years, how much must she repay at that time (end of year 3) if:
a) the interest is compounded annually
b) the interest is compounded quarterly
Suppose the bank wanted three equal repayments at the end of each year; Assume interest is compounded annually. What would the repayment amounts be?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Posted Date: