Question
On January 1, 2020, a company borrowed 4,000,000.00 from a bank at the rate of 15% a year. The loan is paid at the rate
On January 1, 2020, a company borrowed 4,000,000.00 from a bank at the rate of 15% a year. The loan is paid at the rate of 500,000.00 at the beginning of every quarter until the full payment is paid. How much is the total payment to be made for the third periodic payment?
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
