财务管理英语的计算题,求助!谢!
问题描述：
财务管理英语的计算题,求助!谢!
An individual wants to borrow $100,000from a bank and repay or in five equal annual end-of-year payments,including interest. If the bank wants to earn a 10 percent rate of return on the loan,what should the payments be?Ignore taxes and default risk.
答
Annuity payments in five years with interest rate 10%, whose present value is 100 000.
100 000/(P/A, 10% ,5)=100 000/3.7908=$26 380