10. 2.86 Page 75Assume you borrow $10,000 today and promise to repay the loan in two payments,...
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10. 2.86 Page 75Assume you borrow $10,000 today and promise to repay the loan in two payments, one in year 2 and the other in year 5, with the one in year 5 being only half as large as the one in year 2. At an interest rate of 10% per year, what is the size of the payment in year 5?
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Related Book For 
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
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