Business, 16.02.2021 04:20 marissastewart533

A $25,000 bank loan is to be repaid in equal yearly payments of $2745 over 15 yr at an effective annual interest rate of 7%. The borrower uses the loan money to earn an annual effective return of 10% in the stock market. All money earned is kept in the stock fund. What is most nearly the present-day value of the earnings over 15 yr as a result of this loan and investment venture

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A $25,000 bank loan is to be repaid in equal yearly payments of $2745 over 15 yr at an effective ann...

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