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Investor #2 offers you the $300,000 paying interest at the rate of 8% per year for 4 years and then a final payment of interest
Investor #2 offers you the $300,000 paying interest at the rate of 8% per year for 4 years and then a final payment of interest and principal at the end of the 5th year . find annual interest payment , year 5 payment , total payment and interest paid
DataRevicwiew Times New Roman 12 A" AT Av 1:11 ////EEi@werg. & Center w $. % , y Pay interest at the rate of 8%per year for 4 years and then a final payment of interest and principal at the end of the 5th year; 3 Amount 4 Period (years) s Interes rate S 300,000 8% Answer 8 Annual Interest Payment- 9 Year 5 Payment r 0 Toal Payment 12 13 14 15 16 lStep by Step Solution
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