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stranahan stranahan
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8 years ago
Your firm intends to finance the purchase of a new construction crane. The cost is $1,500,000. What is the size of the annual ordinary annuity payment if the loan is amortized over a ten-year period at a rate of 8.50%?
A) $3,391,475.16
B) $127,500
C) $228,611.56
D) There is not enough information to answer this question.
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Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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BleedingDrBleedingDr
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8 years ago
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stranahan Author
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#2
8 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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4 years ago
Thank you for the help
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