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Texas Foods has a loan that requires one lump sum payment at the end of 12 years in the amount of $139,000. The interest rate
Texas Foods has a loan that requires one lump sum payment at the end of 12 years in the amount of $139,000. The interest rate is 5.8 percent, compounded monthly. What amount did the firm borrow?
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Finance And Financial Markets
Authors: Keith Pilbeam
4th Edition
1137515627, 978-1137515629
