1 a business borrows 296926 for 9 years at an annual rate, Ask an Expert

Finance

1. A business borrows $296,926 for 9 years at an annual rate of interest of 6%. If payments are annual and the loan will negatively amortize by $49,469, what will be the annual payment required?

2. What is the present value of a perpetuity making quarterly payments in arrears in the amount of $8,054 per quarter, and the appropriate annual rate of interest is 9%?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91261149

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