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Determine the annual payment on a $500,000, 12 percent business loan from a commercial bank that is to be amortized over a five year period.
Determine the annual payment on a $500,000, 12 percent business loan from a commercial bank that is to be amortized over a five year period. Please show work.
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Raising Venture Capital
Authors: Rupert Pearce, Simon Barnes
1st Edition
0470027576, 978-0470027578
