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The owner of a small business borrowed $70,000 with an agreement to repay the loan with quarterly payments over a five-year time period. If the
The owner of a small business borrowed $70,000 with an agreement to repay the loan with quarterly payments over a five-year time period. If the interest rate is 12% per year compounded quarterly, his loan payment each quarter is nearest to: $9,372 $2,605 $5,864 $19,419
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Introduction To Government And Not For Profit Accounting
Authors: Martin Ives, Laurence Johnson, Joseph R. Razek, Gordon A. Hosch
6th Edition
0132366355, 978-0132366359
