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How to calculate annuity present values?? Answer= 10 points?
If one wants to borrow $55,000 from the local bank and can only afford to make m
monthly payments of $1,120 but no more. Assumming monthly compounding, what is t
he highest rate you can afford on a 60-month APR loan? Any help will be mu
ch appreciated.. please show work as it will help me figure out how to calculate
these type of problems...Thank You in advance
BEST ANSWER
Try this site where you can compare quotes from different companies:
WWW.ANNUITY-HELP.US

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How to calculate annuity present values?? Answer= 10 points?

  • 1. How to calculate annuity present values?? Answer= 10 points? If one wants to borrow $55,000 from the local bank and can only afford to make m monthly payments of $1,120 but no more. Assumming monthly compounding, what is t he highest rate you can afford on a 60-month APR loan? Any help will be mu ch appreciated.. please show work as it will help me figure out how to calculate these type of problems...Thank You in advance BEST ANSWER Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US