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please show work and formula Tim Dodson has borrowed $123,204 to pay for his new car. The annual interest rate on the loan is 10
please show work and formula
Tim Dodson has borrowed $123,204 to pay for his new car. The annual interest rate on the loan is 10 percent, and the loan needs to be repaid in 18 payments. What will be his annual payment if he is planning to make his first payment today? Round to the nearest two decimals if needed. Do not type the $ symbolStep by Step Solution
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The Engineers Cost Handbook Tools For Managing Project Costs
Authors: Richard E. Westney
1st Edition
0824797965, 978-0824797966
