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Frank borrows $5000 on january 8,2014. he pays $2000 on april 30,2014 and $2000 on august 31 2014. The last payment is to be on
Frank borrows $5000 on january 8,2014. he pays $2000 on april 30,2014 and $2000 on august 31 2014. The last payment is to be on January 2, 2015. If interest is at 6% and the focal date is january 2,2015. Determine the size of the final payment ?
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
