Question
Today Mr. Sy borrowed $ 3,000,000 agreeing to repay this sum in 25 equal annual installments at the start of each period with a 16%
Today Mr. Sy borrowed $ 3,000,000 agreeing to repay this sum in 25 equal
annual installments at the start of each period with a 16% interest. How
large will be the annual payment?
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
