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(a) Mr Harriz borrowed RM120,000 to buy a car. His loan cost was 12% and he promised to repay the loan in 15 equal annual
(a) Mr Harriz borrowed RM120,000 to buy a car. His loan cost was 12% and he promised to repay the loan in 15 equal annual payments. How much is the principal outstanding after the first loan payment? ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
14th edition
1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977
