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beth_malley
Finding the value of a perpetual stream?
Given an interest rate of 7.3 percent per year, what is the value at date t=7 of a perpetual stream of $2,100 annual payments that begins at date t=15?
1 AnswerOther - Business & Finance9 years agoHow do you calculate APR with the principle, monthly payment and loan term?
The question is: You have just purchased a new warehouse. To finance the purchase you've arranged for a 30-year mortgage for 80% of the 2,600,000 purchase price. The monthly payment on this loan will be $14,000. What is the APR on this loan? The EAR?
I am looking for the formulas for both the APR and the EAR.
Thanks
3 AnswersOther - Business & Finance9 years ago