Question
4)A loan of $8380.00 is repaid by equal payments made at the end of every three months for 3 years. If interest is 7% compounded
4)A loan of $8380.00 is repaid by equal payments made at the end of every three months for 3 years. If interest is 7% compounded quarterly, find the size of the quarterly payments and construct an amortization schedule showing the total paid and the total cost of the loan
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
