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Computing the Present Value of an Annuity In repayment of a loan today, Nicholas agreed to pay a financial institution $6,000 at the end
Computing the Present Value of an Annuity In repayment of a loan today, Nicholas agreed to pay a financial institution $6,000 at the end of each month over a 3 year period, beginning one month from today. Assuming the interest rate on the loan is 9.6%, what is today's amount of the loan? Round answer to the nearest whole dollar. Do not use a negative sign with your answer. $ 0
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
