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 end of every quarter until the full payment is paid. How much is the total interest for the second periodic payment?
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Gapenskis Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
