Calculate the average amount of interest paid on all three loans. You borrow 15000 and...
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Calculate the average amount of interest paid on all three loans. You borrow and replay the loan over years. At the end of each year, you make interest payment to the lender at an annual effective rate of and also make level payments to a sinking fund which accumulates to after years. If your total annual payment is what effective annual rate is earned by the sinking fund?
Calculate the average amount of interest paid on all three loans. You borrow and replay the loan over years. At the end of each year, you make interest payment to the lender at an annual effective rate of and also make level payments to a sinking fund which accumulates to after years. If your total annual payment is what effective annual rate is earned by the sinking fund?
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