Business, 16.07.2019 15:50 rjennis002

Acompany takes out a loan of 15,000,000 at an annual effective discount rate of 5.5%. you are given: i) the loan is to be repaid with n annual payments of 1,200,000 plus a drop payment one year after the nth payment. ii) the first payment is due three years after the loan is taken out. calculate the amount of the drop payment.

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Acompany takes out a loan of 15,000,000 at an annual effective discount rate of 5.5%. you are given:...

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