Question
A loan of $10000 is being repaid with level payments at the end of each year for 10years. Assuming 10% effective interstate's per year, the
A loan of $10000 is being repaid with level payments at the end of each year for 10years. Assuming 10% effective interstate's per year, the borrower pays an extra x dollars with their 5th payment which allows the same level payments to exactly pay off the loan two years earlier. Find X
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
