Question
Cooley Landscaping Company needs to borrow $20,000 for a new front-end dirt loader. The bank is willing to loan the funds at 9.5 % interest
Cooley Landscaping Company needs to borrow $20,000 for a new front-end dirt loader. The bank is willing to loan the funds at 9.5 % interest with annual payments at the end of the year for the next 88 years. What is the annual payment on this loan for Cooley Landscaping?
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
