Question
Mr. A. borrowed $10,000 at interest on the loan at 6% per annum, payable over 4 years. The debt is amortized for 4 payments
Mr. A. borrowed $10,000 at interest on the loan at 6% per annum, payable over 4 years. The debt is amortized for 4 payments of the same amount at the end of each year. a. Compute the annual payment of the same amount at the end of each year b. Make a debt repayment schedule.
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