Question
use the Tvm solver to determine the missing value. a loan was made at an annual rate if 5.1% compounded semi-annually is being paid $269.9
use the Tvm solver to determine the missing value.
a loan was made at an annual rate if 5.1% compounded semi-annually is being paid $269.9 on a monthly basis for a period of 3 years.
how much money was borrowed, rounded to the nearest dollar?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
