Chat with AI
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 8
An enthusiastic new engineering graduate plans to start a consulting fi rm by borrowing $100,000 at 10% per year interest. The loan payment each year to pay off the loan in 7 years is closest to:
A) $18,745
B) $20,540
C) $22,960
D) $23,450
A) $18,745
B) $20,540
C) $22,960
D) $23,450
Explanation
Verified
Verified
P is present value,
n is number of year...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
