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Caroline borrowed $5,750.00 at 6.00% p.a. She wants to settle this loan with 2 equal payments, one in 7 months and another in 17 months.
Caroline borrowed $5,750.00 at 6.00% p.a. She wants to settle this loan with 2 equal payments, one in 7 months and another in 17 months. Determine the size of the payments using 'now' as the focal date. Round answer to 2 decimal places Step by Step Solution
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Introduction To Data Analytics For Accounting
Authors: Vernon Richardson, Katie Terrell, Ryan Teeter
1st Edition
126406828X, 978-1264068289
