Question
a $10,000 loan is to be repaid with annual payments at the end of each of the next 10 years. If the annual effective rate
a $10,000 loan is to be repaid with annual payments at the end of each of the next 10 years. If the annual effective rate of interest is 6%. what is the annual payment amount? what is the balance after the 5th payment using the retrospective method? the balance after the 5th payment using the prospective method? the intrest paid in the 5th payment? the principle paid in the 5th payment?
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
