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To borrow $1,100, you are offered an add-on interest loan at 8 percent. Two loan payments are to be made, one at six months
To borrow $1,100, you are offered an add-on interest loan at 8 percent. Two loan payments are to be made, one at six months and the other at the end of the year. Compute the two equal payments. Two equal payments
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
