Question
Truscott Motors has an outstanding forklift fleet loan currently worth $520,000 to be repaid with equal monthly installments over the next 4.5 years. If
Truscott Motors has an outstanding forklift fleet loan currently worth $520,000 to be repaid with equal monthly installments over the next 4.5 years. If the interest rate charge is 22% compounded monthly, how much interest is paid on the 13th monthly installment? $ (Give answer to 2 decimal places)
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Contemporary Human Resource Management Text And Cases
Authors: Tom Redman, Adrian Wilkinson
4th Edition
0273757822, 9780273757825
