Find the payment r needed to amortize a loan, Corporate Finance

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Find the payment r needed to amortize a loan

Assignment:

1. Find the payment R needed to amortize a loan of $11,500 at 9.2%/year compounded monthly with 48 monthly installments over a period of 4 yr.

2. Find the present value of $93,881 due in 7 yr at an interest rate of 9%/year compounded continuously.

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Corporate Finance: Find the payment r needed to amortize a loan

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Corporate Finance: Find the payment r needed to amortize a loan

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