Question
Ana buys PC for $2,649.99. She will pay it with 2 years of level biweekly payments (at the end of each period), except the last
Ana buys PC for $2,649.99. She will pay it with 2 years of level biweekly payments (at the end of each period), except the last one payment of $91.71. The interest rate is i(2) = 8.95%. How much are her level payments? Explain every step, don't use excel, financial calculator or trial and error
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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
