Question
Austin borrowed 35.000$ at a 10% annual interest rate, to be repaid in 5 years, at the end of each year. The payment will be
Austin borrowed 35.000$ at a 10% annual interest rate, to be repaid in 5 years, at the end of each year. The payment will be paid with the same value each period. Calculate the amount of each payment.
how do i solve this and what is the answer?
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
