Question
A company borrow $452,788 from bank at 13.55% per year compounded annually. The loan is to be repaid in equal annual installments at the end
A company borrow $452,788 from bank at 13.55% per year compounded annually. The loan is to be repaid in equal annual installments at the end of each year over 10 years. How much will each annual payment be?
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
