Present value of a perpetuity making quarterly payments

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A business borrows $297,268 for 12 years at an annual rate of interest of 7.4%. If payments are annual and the loan will negatively amortize by $45,318, what will be the annual payment required? Put your answer in as a positive number.

 

What is the present value of a perpetuity making quarterly payments in arrears in the amount of $9,102 per quarter, and the appropriate annual rate of interest is 10.8%?

Reference no: EM13847793

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