Question
Assume you want to purchase a new John Deere 6145R Cab Tractor for $154,000 and you will borrow the entire amount. You plan to repay
Assume you want to purchase a new John Deere 6145R Cab Tractor for $154,000 and you will borrow the entire amount. You plan to repay the loan in 50 equal payments and the interest rate is 2% per month. What is the monthly payment (in present dollars) for this loan?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
