Question
Four years ago, you moved to Alaska to train for the Iditarod Race and borrowed $20,000 to buy a dog sled.You have decided to repay
Four years ago, you moved to Alaska to train for the Iditarod Race and borrowed $20,000 to buy a dog sled.You have decided to repay the loan today.If the loan was a 5 year loan with monthly payments of $396.02 what is the amount that you owe the bank today? Assume that you have not missed any of your regular monthly payments.
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
