Nicholas agreed to pay a financial institution $2,800 at the beginning of each month over a 3
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Nicholas agreed to pay a financial institution $2,800 at the beginning of each month over a 3 year period, with the first payment due immediately. Assuming the interest rate on the loan is 3.6%, what is the present value of the loan? Round answer to the nearest whole dollar. Do not use a negative sign with your answer
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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