Mathematics, 13.05.2021 04:00 kiingbr335yoqzaxs

Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at the end of the loan's eight-year life. What would be the present value of this loan if it carried a 10 percent interest rate?

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Assume a bank loan requires an interest payment of $85 per year and a principal payment of $1,000 at...