Question
John borrows $1,000 . The loan is governed by compound interest at an annual effective interest rate of 10 %. John repays $600 at the
John borrows $1,000. The loan is governed by compound interest at an annual effective interest rate of 10%. John repays $600 at the end of one year and plans to complete repayment of the loan with a payment of P at the end of the second year. Find P
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Forecasting Principles And Practice
Authors: Rob J Hyndman, George Athanasopoulos
1st Edition
0987507109, 978-0987507105
