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Q7: Suppose you want to start up a new business and need $200,000 to start up, market and run your business. Because you feel the
Q7: Suppose you want to start up a new business and need $200,000 to start up, market and run your business. Because you feel the business will be short lived for some reason, you would like to pay off this $200,000 balance in a set of seven equal payments. Given the interest rate is 15%, what will your monthly annuity payments be?
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