105. Land is purchased for $75,000. It is agreed for the land to be paid for over...
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105. Land is purchased for $75,000. It is agreed for the land to be paid for over a 5-year period with annual payments and using a 12 percent annual compound interest rate. Each payment is to be $3,000 more than the previous payment. Determine the size of the last payment.
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Related Book For
Fundamentals Of Engineering Economic Analysis
ISBN: 9781118414705
1st Edition
Authors: John A. White, Kellie S. Grasman, Kenneth E. Case, Kim LaScola Needy, David B. Pratt
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