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I received a proposal for a loan of $80,000, which I would have to repay in twenty-four fixed, monthly, due payments of
Posted: Mon May 02, 2022 9:42 am
by answerhappygod
- I Received A Proposal For A Loan Of 80 000 Which I Would Have To Repay In Twenty Four Fixed Monthly Due Payments Of 1 (43.87 KiB) Viewed 37 times
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 . Using the criterion of the rate of return supported by an external rate (TEX), what recommendation would be given?