Question
On January 2, 2017, Jensen Company borrowed $198,000 from Lyon Country Bank. The terms of the loan agreement specified 4 equal annual payments at 8%
On January 2, 2017, Jensen Company borrowed $198,000 from Lyon Country Bank. The terms of the loan agreement specified 4 equal annual payments at 8% annual interest. (Use the below table.)
Compute the amount of each of these payments, assuming they begin on December 31, 2017. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Periodic Payments: $
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Audit Of Assumptions For The 2009 Pre Budget Report Report By The Comptroller And Auditor General, Session 2009-2010 Hc 83
Authors: National Audit Office
1st Edition
0102963371, 978-0102963373
