Business, 16.04.2020 04:54 yayalovebree
You have a loan outstanding. It requires making seven annual payments of $ 4 comma 000 each at the end of the next seven years. Your bank has offered to restructure the loan so that instead of making the seven payments as originally agreed, you will make only one final payment in seven years. If the interest rate on the loan is 10 %, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?
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You have a loan outstanding. It requires making seven annual payments of $ 4 comma 000 each at the e...
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