4-44. The Dell Corporation borrowed $10,000,000 at 7% interest per year, which must be repaid in equal
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4-44. The Dell Corporation borrowed $10,000,000 at 7% interest per year, which must be repaid in equal EOY amounts (including both interest and principal) over the next six years. How much must Dell repay at the end of each year? How much of the total amount repaid is interest? (4.7)
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Engineering Economy
ISBN: 9780134870069
17th Edition
Authors: William Sullivan, Elin Wicks, C Koelling
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