Question
hayley makes annual end - of - year payments of $6,260.96 on a five -year - loan with an 8 percent interest rate. the original
hayley makes annual end - of - year payments of $6,260.96 on a five -year - loan with an 8 percent interest rate. the original principal amount was? can someone please explain me ho to solve this problem. i haven trouble selecting the right formula.
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Financial Management An Introduction
Authors: Jim McMenamin
1st Edition
0415181623, 9780415181624
