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A debt of $50,000 is to be repaid in annual installments of $5,000. Interest is 9% compounded annually. Determine the outstanding balance of the debt
A debt of $50,000 is to be repaid in annual installments of $5,000. Interest is 9% compounded annually. Determine the outstanding balance of the debt at the end of 5 years
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Cost Accounting
Authors: M.E. Thukaram Rao
3rd Edition
8122433820, 978-8122433821
