Author Question: In the case of annuity cash inflows, the payback period can be found by dividing the initial ... (Read 54 times)

Arii_bell · **on:** Jul 10, 2018

In the case of annuity cash inflows, the payback period can be found by dividing the initial investment by the annual cash inflow.

Indicate whether the statement is true or false

Question 2

Nico makes annual end-of-year payments of 5,043.71 on a four-year loan with an interest rate of 13 percent. The original principal amount was ________.

A) 24,450
B) 15,000
C) 3,100
D) 20,175