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10. Frank borrows $5000 on January 8, 2014. He pays $2000 on April 30, 2014, and $2000 on August 31, 2014. The last payment is
10. Frank borrows $5000 on January 8, 2014. He pays $2000 on April 30, 2014, and $2000 on August 31, 2014. The last payment is to be on January 2, 2015. If interest is at 6% and the focal date is January 2, 2015, determine the size of the final payment
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Financial Trading And Investing
Authors: John Teall
1st Edition
0123918804, 978-0123918802
