Question
GOP company is borrowing $240,000 to buy a machine to produce cups. GOP can afford making quaterly payments of $12,000 for the coming one and
GOP company is borrowing $240,000 to buy a machine to produce cups. GOP can afford making quaterly payments of $12,000 for the coming one and half years and will pay the remaining amount (Balloon payment) in total one quarter after the last payment. If the bank charges GOP 14% interest compounded quarterly what would the amount of the Balloon payment be to close the loan?
| 223994 | ||
| 242377 | ||
| 215220 | ||
| 206715 | ||
| 233044 |
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Reading Between The Lines Of Corporate Financial Reports In Search Of Financial Misstatements
Authors: Jacek Welc
1st Edition
3030610403, 9783030610401
