Question
1.) You are purchasing a factory for $120,000 at a nominal rate of 10% and the terms of the agreement are for 20 equal payments
1.) You are purchasing a factory for $120,000 at a nominal rate of 10% and the terms of the agreement are for 20 equal payments to retire the debt. What is the yearly payment?
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The Handbook Of Financing Growth
Authors: Kenneth H. Marks, Larry E. Robbins, Gonzalo Fernandez, John P. Funkhouser, D. L. Williams
2nd Edition
0470390158, 978-0470390153
