Question
A loan of RMX is repaid with level annual payments at the end of each year for 10 years. You are given: i) The interest
A loan of RMX is repaid with level annual payments at the end of each year for 10 years. You are given: i) The interest paid in the first year is RM3600; and ii) The principal repaid in the 6th year is RM4871. Calculate X.
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
