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Suppose you are borrowing $30,000 at an interest rate of 4.0%. You will not make any payments for the first two years. Then, starting
Suppose you are borrowing $30,000 at an interest rate of 4.0%. You will not make any payments for the first two years. Then, starting at the end of year 3, you will make 3 annual payments to repay the loan. How much will your annual payments be? Round to the nearest dollar.
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
