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1 1 Exercises A company repays its debt of $ 1 3 , 0 0 0 by $ 4 0 0 in the first monthly
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A company repays its debt of $ by $ in the first monthly instalment and then increases the payment by $ in every instalment.
How many instalments will it take the company to pay off the debt?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
6th Edition
0201538997, 978-0201538991
