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What is the loan amount

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Q1) We place 10.000 Euros at an annual rate of 8.25% for 10 years. What is the acquired value after 10 years?

Q2) You buy a coffee shop by paying 10 annuities of 60.000 Euros paid at the beginning of the year, the first payment being made on the date of acquisition. Knowing that the interest rate is 7% what is the purchase price.

Q3) We borrow a sum repayable in 15 installments of 10.000 Euros each paid at the end of the period. The interest rate being at 12% what is the loan amount?

Reference no: EM133172455

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