Question
A building is priced at $100,000. If a down payment of $30,000 is made, and a payment of $1,000 every month thereafter is required. How
A building is priced at $100,000. If a down payment of $30,000 is made, and a payment of $1,000 every month thereafter is required. How many months will it take to pay for the building? Interest is charged at a rate of 12%, compounded monthly.
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
