You are working as a Financial Adviser at Nokia Company and you have recommended to borrow RS 85,000 for manufacturing department to establish a medical fund for the needy employees, but the CEO says that borrow RS 50,000 and the remaining 35,000 will get from profit.
A. Compounded interest rate is 12% annually and Duration of loan is 5 years. Equal installment payments are required at the end of each year. Must show every step when you calculate the R.
B. Compounded interest rate is 15% annually Duration of loan is 3 years Equal installment payments are required at the end of each quarter. Must show every step when you calculate the R.
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Compounded interest rate is 12% annually and Duration of loan is 5 years. Equal installment payments are required at the end of each year. Must show every step when you calculate
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