Nathubhai agrees to receive $1,900,000 annually as repayment for his loan to Parthivbhai for 25 years...

Nathubhai agrees to receive $1,900,000 annually as repayment for his loan to Parthivbhai for 25 years and also agrees to an annual interest rate of 3.57 percent, How much has he lent to Parthivbhai if the first payment is made today?

Solutions

Expert Solution

PV = 1,900,000 * 16.35701 * 1.0357

PV = $32,187,808.83

jeff jeffy answered 2 years ago

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