Description of this paper

FIN - Dr Jones decides that on December

Description

solution


Question

Question;Dr Jones decides that on December 31st he is going to purchase new building at $225,000. He agrees' to put 20% down and make 18 equal annual installments that are to include the principle plus 15% compounding interest on the declining balance.Answer the following:How much are the equal installments?What are the total payments of this investment?Observations about the investment?

 

Paper#48015 | Written in 18-Jul-2015

Price : $22
SiteLock