WhatsApp +1 (332) 244-5747

Interest rate

Get your custom paper done at low prices

Y

275 words/page

Y

Double spacing

Y

Free formatting (APA, MLA, Chicago, Harvard and others)

Y

12 point Arial/Times New Roman font

Y

Free title page

Y

Free bibliography & reference

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.At what amount could this loan be sold for to another bank if loans of similar quality carried an 8.5 percent interest rate? That is, what would be the present value of this loan?Now, if interest rates on other similar-quality loans are 10 percent, what would be the present value of this loan?What would be the present value of the loan if the interest rate is 8 percent on similar-quality loans?

TESTIMONIALS

What Students Are Saying

Outstanding service, thank you very much.

Undergraduate Student

English, Literature

Awesome. Will definitely use the service again.

Master's Student

Computer Science