Question #263026

Suppose that one has a present loan of $1,000 and desires to determine what equivalent uniform EOY payments, A, could be obtained from it for 15 years if the nominal interest rate is 14.2% compounded continuously (M =∞).

1
Expert's answer
2021-11-10T10:07:12-0500

=$1000(P/F,4.9%,20)+$1000x0.03(P/A,4.9%,20)=384.1+377.06=$761.16= \$1000 (P/F, 4.9\%, 20) + \$1000x0.03(P/A, 4.9\%, 20)\\ = 384.1 + 377.06 = \$761.16


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!
Our fields of expertise
Submit Your Assignment. We Can Do It.
LATEST TUTORIALS
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023