Consider a 4-year amortizing loan you borrow 1000 initially


Consider a 4-year amortizing loan. You borrow 1,000 initially and repay it in 4 equal annual year-end payments. If the interest rate is 8%, show that the annual payment is 301.92.

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Finance Basics: Consider a 4-year amortizing loan you borrow 1000 initially
Reference No:- TGS0640138

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