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4.3 Find the actual end-of-period loan payment: 2. Anderson Equipment purchases a new lathe for $35,000. The lathe is financed with a bank loan with
4.3 Find the actual end-of-period loan payment: 2. Anderson Equipment purchases a new lathe for $35,000. The lathe is financed with a bank loan with an interest rate of 7%, to be repaid in five equal annual installments
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
