Question
Jill borrows $29,000 from you today. She agrees to repay you in two equal amounts, the first to occur in 3 years from today and
Jill borrows $29,000 from you today. She agrees to repay you in two equal amounts, the first to occur in 3 years from today and the other in 7 years from today. If the interest rate is 14.6% per annum compounding monthly, what will be the amount of each repayment?
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Financial Statement Analysis & Dividend Investing
Authors: Andrew P.C.
1st Edition
1075873940, 978-1075873942
