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A student decides to borrow $1,500,000 at 3.25% per year to cover all the medical school expenses. He decides to pay the principle and
A student decides to borrow $1,500,000 at 3.25% per year to cover all the medical school expenses. He decides to pay the principle and interest as one lump sum after 10 years, which includes 4 years of medical school, 2 years of residency, 1 year of fellowship, and 3 years of medical practice. Exactly how much will be the total payment?
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
