Taco Truck Example (Capital Recovery)

Taco Truck Example (Capital Recovery) - interest rate of 8%...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Taco Truck Example (Capital Recovery) Guillermo wants to purchase a food truck to sell tacos on the street corner. So he borrows $30,000 for 5 years at an
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: interest rate of 8% per year to purchase a truck. What annual net revenue does he need over that 5-year period in order to pay back the loan?...
View Full Document

This note was uploaded on 12/07/2011 for the course CIVL 4111 taught by Professor Moore,l during the Fall '08 term at U. Memphis.

Ask a homework question - tutors are online