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7. A loan of $400 is due in five years. If money is worth 7 % compounded annually, determine the equivalent payment that would settle
7. A loan of $400 is due in five years. If money is worth 7 % compounded annually, determine the equivalent payment that would settle the debt. ( 4 marks ) a) Now b) In 2 years c) In 5 years d) In 10 years
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
