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Franklin Roosevelt borrowed GH 30,000 from Persus Bank at an interest rate of 15% and agreed to pay equal installments over five years. You are
- Franklin Roosevelt borrowed GH 30,000 from Persus Bank at an interest rate of 15% and agreed to pay equal installments over five years.
You are required to
- Determine the size of the payments
(3 Marks)
- Set up an amortization schedule for the loan (5 Marks)
What is the total interest to be paid after five years
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Private Equity Value Creation Analysis Volume I
Authors: Michael David Reinard
1st Edition
1736077821, 978-1736077825
