Preparing a cash flow table


Problem: Sally Sanford is buying an automaoblie that costs $12,000. She will pay $2,000 immediately and the remaining $10,000 in four annual end of year principal payments of $2,500 each. In addition to the $2,500, she must pay 15% interest on the unpaid balance of the loan each year. Prepare a cash flow table to represent the situation.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Preparing a cash flow table
Reference No:- TGS01451638

Now Priced at $25 (50% Discount)

Recommended (96%)

Rated (4.8/5)