#Mba 620

011022 1. How many years would be required to pay off a loan with the following characteristics? PV $11,500 RATE 10.6% PMT $1,600 (annual payments) 14.24278822 2. What is the annual payment required to pay off a loan with the following characteristics? PV $14,700 RATE 10.0% NPER 10 years ($1,537.87) 3. Why is FV not … Read more