Question
a loan of 8000 will be discharge by a cash payment of 3200 now, 1800 at the ed of 4 years, 600 at the end
a loan of 8000 will be discharge by a cash payment of 3200 now, 1800 at the ed of 4 years, 600 at the end of 6years, and last payment at the end of 7 years. what will be the last payment if money is worth 4% compounded annually?
*Using the pure accumulation method, solve problem above and compare the answer
*solve using pure discount method
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Accounting Information Systems
Authors: George H Bodnar, William S Hopwood
10th Edition
013609712X, 978-0136097129
