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April 27, 2015

Homework Help: math

Posted by jule on Thursday, August 9, 2012 at 6:13pm.

john has a loan but doesn't begin to repay his loan for 11 months, at a rate of $500 every month of four month. the interest rate is 8% compounded monthly determin the size of the loan using the following 2 steps

1. calculate the present value, pv1 of annuity payment at the end of the period of deferral


2. calculate the present value, pv2 of the payment at the beginning of the period of deferral

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