You took out a loan to buy equipment for your new business. The annual interest rate is

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You took out a loan to buy equipment for your new business. The annual interest rate is $18 % .$ You have to pay $ $250$ every month for $60$ months. What is the present value of the cash flows if it's an annuity due?

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Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Mar 16, 2024 04:09 AM

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You took out a loan to buy equipment for your new business. The annual interest rate is

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To calculate the present value of the cash flows for an annuity due we need to use the formula ... View the full answer

Fundamentals of Financial Management

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