A corporation agreed to loan one of its subsidiaries $100,000 for three year. The note states an interest rate of 5% with annual compounding. $25,000
A corporation agreed to loan one of its subsidiaries $100,000 for three year. The note states an interest rate of 5% with annual compounding. $25,000 payments are to be made at the end of years 1 and 2, with the remaining balance to be paid at the end of year 3. Calculate the amount of interest the subsidiary will pay each year. Show work on excel
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Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
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