Question
1. Calculates the value of payments and prepares a repayment table to settle a debit of $400,000.00 contracted at 32% convertible bimonthly, if the debt
1. Calculates the value of payments and prepares a repayment table to settle a debit of $400,000.00 contracted at 32% convertible bimonthly, if the debt is to be settled after one year, making bi-monthly payments starting within two months.
1. How many monthly payments of $25,000.00 are required to pay off a $300,000.00 debt contracted today at 46% convertible monthly.
1. A used sewing machine costs $85,000.00 in cash. The credit plan is $15,000.00 hitch and 12 monthly payments of $10,000.00 What is the interest rate charged on the operation?
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobes
3rd Edition
273709268, 273709267, 978-0273709268
