Question
Agrico has contracted an interest-only loan. It must repay the principal of $500000 in 6 years' time. How much must it invest at the end
- Agrico has contracted an interest-only loan. It must repay the principal of $500000 in 6 years' time. How much must it invest at the end of the year to have exactly $500000 put aside if funds earn 6%?
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