Question: please solve in excel with all the formulas shown Garfield is repaying a debt with 20 annual payments of 1000 each. At the end of
Garfield is repaying a debt with 20 annual payments of 1000 each. At the end of the fourth year, he makes an extra payment of 2000, He then shortens his remaining payment period by two years, and makes level payments over that time. If i = .12, find the revised annual payment
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
