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Suppose you borrowed $ 1 2 , 0 0 0 at an annual rate of 8 percent interest to buy a car and wish to
Suppose you borrowed $ at an annual rate of percent interest to buy a car and wish to repay it in five equal payments at the end of each of the next five years. Which of the following is the closest to the amount of each of these payments?
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
6th Edition
1259922316, 9781259922312
