You took a loan of 20000 KD today at an interest rate of 4.5%. You agreed to payback the loan in 6 equal annual payments. Calculate the annual repaymentamount.N =i = %yearsTo answer this question, I should calculate:OPMTOFVOPVThe annual repayment amount is: $(Include two decimal places)

N = 6 years i= 4.5% To calculate annual repayments , calculate PMT Annual repayment amount=…

Answered: You took a loan of 20000 KD today at an…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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You took a loan of 20000 KD today at an interest rate of 4.5%. You agreed to pay back the loan in 6 equal annual payments. Calculate the annual repayment amount. N = i = % years To answer this question, I should calculate: OPMT OFV OPV The annual repayment amount is: $ (Include two decimal places)