Question
Assume you've borrowed 4,000,000 from the bank at 10%. The terms require equal annual installments each year for 5 years. What is the amount of
Assume you've borrowed 4,000,000 from the bank at 10%. The terms require equal annual installments each year for 5 years. What is the amount of those installments?
Assume the same facts as the previous question, except assume 10 semi-annual installments. What would be the amount of those installments? Please round your answer to the nearest whole dollar.
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Managerial Economics In A Global Economy
Authors: Dominick Salvatore
9th Edition
0190848251, 9780190848255
