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Say I received a proposal for a loan of $80,000, which I would have to repay in twenty-four fixed, monthly, due payments
Posted: Mon May 02, 2022 9:40 am
by answerhappygod
- Say I Received A Proposal For A Loan Of 80 000 Which I Would Have To Repay In Twenty Four Fixed Monthly Due Payments 1 (62.95 KiB) Viewed 28 times
Say I received a proposal for a loan of $80,000, which I would have to repay in twenty-four fixed, monthly, due payments of $4,229.69. My minimum acceptable rate of return (m) is 3.5% per month. a) Using the criterion of the rate of return supported by an external rate (TEX), what recommendation would be given? Show your work. If flow patterns are found (uniform, arithmetic, exponential), use factors.