Use the Excel NPV() function to calculate the maximum loan you would be willing to give today for a borrower to make 8 years of $18,000 payments at 10 percent interest.
Use the Excel NPV() function to calculate the maximum loan you would be willing to give today for a borrower to make 8 years of $18,000 payments at 10 percent interest.
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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