Question
Georage borrowed $4000 from Kramer at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment,
A) 1389 | B) 1359 |
C) 1379 | D) 1339.33 |
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Fundamentals of Engineering Economics
Authors: Chan S. Park
3rd edition
132775425, 132775427, 978-0132775427
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