6-16 A How much should a new graduate pay in 10 equal annual payments, starting 2 years from now, in order to repay a $3
Posted: Wed Jul 06, 2022 6:21 am
6-16 A How much should a new graduate pay in 10 equal annual payments, starting 2 years from now, in order to repay a $30,000 loan he has received today? The interest rate is 6% per year. Contributed by Hamed Kashani, Saeid Sadri, and Baabak Ashuri, Georgia Institute of Technology