7. Loan of 100,000 is to be repaid by 40 equal end of quarter payments...
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7. Loan of 100,000 is to be repaid by 40 equal end of quarter payments totaling 120,000. The borrower has the alternative of making 10 equal an- nual payments with the first payment being one year from today. For i 1%, 2%,5%, 10%, 12%, find the total of the 10 payments under this alternate repayment plan. 7. Loan of 100,000 is to be repaid by 40 equal end of quarter payments totaling 120,000. The borrower has the alternative of making 10 equal an- nual payments with the first payment being one year from today. For i 1%, 2%,5%, 10%, 12%, find the total of the 10 payments under this alternate repayment plan
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