Question
Suppose you borrow $12,000 at a rate of 9% and must repay it in 4 equal instalments at the end of each of the next
Suppose you borrow $12,000 at a rate of 9% and must repay it in 4 equal instalments at the end of each of the next 4 years.
By how much would you reduce the amount you owe in the first year?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
