Question
To borrow $2,200, you are offered an add-on interest loan at 5 percent. Three loan payments are to be made, one at four months, another
To borrow $2,200, you are offered an add-on interest loan at 5 percent. Three loan payments are to be made, one at four months, another at eight months, and the last one at the end of the year.
Compute the three equal payments?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
