Question
A company wants to repay a $129,206 debt making $346 quarterly payment for 43 quarters, then one final payment. If the interest is 7% per
A company wants to repay a $129,206 debt making $346 quarterly payment for 43 quarters, then one final payment. If the interest is 7% per year, compounded quarterly, how much is the final payment (future value at the end of the horizon)?
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
