Equal annual payments in order to buy a factory
Question: If you buy a factory for $250,000 and the terms are 20 percent down with the balance to be paid off over 30 years at a 12 percent rate of interest, the equal annual payments are about ___? Please solve.
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20 percent down with the balance to be paid off over 30 years at a 12 percent rate of interest, the equal annual payments are about ___?
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Work on solving a problem of your own choosing - a problem that is related to your major field of study.
"Is it possible for an ordinary annuity to have the same present value as a perpetuity if the cash flows and discount rates are identical?" Respond.
Evaluate the following statement and support your response with real world examples:
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