3-2. Draw à cash flow diagram for $10,500 being loaned out at an interest rate of 15% per annum over a period of 6. years. How much simple in- terest would be repaid as a lump-sum amount at the end of the sixth year?
3-2. Draw à cash flow diagram for $10,500 being loaned out at an interest rate of 15% per annum over a period of 6. years. How much simple in- terest would be repaid as a lump-sum amount at the end of the sixth year?
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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