How much should a new graduate pay in 10 equal annual, Ask an Expert

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How much should a new graduate pay in 10 equal annual payments, starting 2 years from now, in order to repay $30000 load he has received today? The interest rate is 6% per year. This is from Engineering Economic Analysis 12th edition, problem 6-16. According to the back of the book the answer is $4321. The answer is "solved" in textbook solutions but the answer that is solved for is not correct and does not match the correct answer from the back of the book.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92170213

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