A commercial loan of 1,250,000 with an interest rate of 4% fixed for 20 years what would the monthly payments be to get it paid off? Then consider the same business loan same interest rate for 15 years.

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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A commercial loan of 1,250,000 with an interest rate of 4% fixed for 20 years what would the monthly payments be to get it paid off? Then consider the same business loan same interest rate for 15 years.

 

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