Question
In order to buy a new car, you got 65,000$ credit from your local bank. According to the loan agreement, you will payback this loan
In order to buy a new car, you got 65,000$ credit from your local bank. According to the loan agreement, you will payback this loan in 5 equal installments. If the bank charges 9% interest rate, what is the principal paid for the year 2?
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
