Question
A person borrows $4000 agreeing to pay $50 at the end of each month to reduce the outstanding principal and agreeing to pay the interest
A person borrows $4000 agreeing to pay $50 at the end of each month to reduce the outstanding principal and agreeing to pay the interest due on any unpaid balance at rate of 2% per month. Determine the sum of all intrest payments.
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The Engineers Cost Handbook Tools For Managing Project Costs
Authors: Richard E. Westney
1st Edition
0824797965, 978-0824797966
