How much should a company borrow at 6% compounded monthly in order to repay $2800 at the

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How much should a company borrow at 6% compounded monthly in order to repay $2800 at the end of every month for ten years? The first payment is to be received two years from now.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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