To buy a truck, a company can opt for a loan under the following conditions: pay for 7 years equal installments of 550,000 at the end of each two-month period at an effective bimonthly interest rate of 3% and a final payment of 2,000,000 a semester later. What would be the cash value of the truck? 

Answer rating: 100% (QA)

To calculate the cash value of the truck we need to find the present value of the loan payments and ... View the full answer