Question
If you borrowed $24,000 today and you have to pay it back in five equal payments over 10 years (one payment every 2 years). With
If you borrowed $24,000 today and you have to pay it back in five equal payments over 10 years (one payment every 2 years). With 8% interest rate compounded annually, what is theamount of each payment? (C=?) Please show the formulas used.
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
