Richard Stokes borrows $65,000 to buy new equipment for his factory. It’s a 3 year loan with 7 percent interest and will be paid with fixed annual payments. Prepare an amortization table.
Show all of your calculations.

2. Investment A offers you a payment of $6,500 for 9 years and investment B offers $9,000 for 6 years. If the interest rate is i. 6% ii. 22% Calculate and compare the PV of each investment

Answer rating: 100% (QA)

Amortization Table for Richard Stokes Loan Loan amount PV 65000 Interest rate r 7 per year converted ... View the full answer