Question
C borrows 5,000 today with interest at 5% compounded semiannually. He agrees to pay 1,000 one year from today, 2,000 two years from today,
C borrows 5,000 today with interest at 5% compounded semiannually. He agrees to pay 1,000 one year from today, 2,000 two years from today, and the balance 3 years from today. Find the final payment.
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Fundamental Managerial Accounting Concepts
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