Question: **Graph in part b goes to 8** PLEASE COMPLETE GRAPH ALL THE WAY TO 8 YEARS, A bank loan requires you to pay $73,500 at
**Graph in part b goes to 8**
PLEASE COMPLETE GRAPH ALL THE WAY TO 8 YEARS,
A bank loan requires you to pay $73,500 at the end of each of the next eight years. The interest rate is 10%. a. What is the present value of these payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Complete the following amortization table. (Negative amounts should be indicated by a minus sign. Round your answers to nearest whole dollar amount.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
