Providing and Obtaining Credit
100,000.00 With a financial calculator, enter n = 1, PV = 100000, pmt = 0, and FV = -109756.10 to solve for i = 9.7561% 9.76%. 4. In an installment (add-on) loan, the interest is calculated and added on to the required cash amount, and then this sum is the face amount of loan, and it is amortized by equal payments over the stated life. ................
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