Question
A debt of $2,000 will be repaid by monthly payments of $600 for as long as necessary, the first payment to be made at the
A debt of $2,000 will be repaid by monthly payments of $600 for as long as necessary, the first payment to be made at the end of 6 months. If interest is at j12 = 9%, find the size of the debt at the end of 5 months and make out the complete amortization schedule starting at that time.
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Finance At The Threshold
Authors: Christopher Houghton Budd
1st Edition
0566092115, 978-0566092114
