her own business. She intends to pay back the loan with a series of $2,000 payments at the beginning of each month. The lender is allowing Janice to defer ner payments for 1.5 years while she gets her business running. If interest is 6.5% compounded quarterly, for how many months will Janice make payments? how all inputs and any other necessary work below. This question requires two separate reps. Show all inputs for both steps and any other necessary work. P/Y = P/Y = C/Y = C/Y = N = N = I/Y = I/Y = PV = PV = PMT
her own business. She intends to pay back the loan with a series of $2,000 payments at the beginning of each month. The lender is allowing Janice to defer ner payments for 1.5 years while she gets her business running. If interest is 6.5% compounded quarterly, for how many months will Janice make payments? how all inputs and any other necessary work below. This question requires two separate reps. Show all inputs for both steps and any other necessary work. P/Y = P/Y = C/Y = C/Y = N = N = I/Y = I/Y = PV = PV = PMT
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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