Question
Anna borrowed N$20 000 at 5% for three and half years. She wants to pay N$8000 on maturity. To achieve this, she is planning to
Anna borrowed N$20 000 at 5% for three and half years. She wants to pay N$8000 on maturity. To achieve this, she is planning to pay 2000 in 10 months, 5000 in 16 months from now. How much should she pay in two and half years from now to meet her obligation?
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Foreign Investment And Spillovers
Authors: Magnus Blomstrom
1st Edition
1138025976,1317685121
