Question
What price will a finance company pay for a conditional sale contract requiring 21 monthly payments of $210.50, if the company requires a rate of
What price will a finance company pay for a conditional sale contract requiring 21 monthly payments of $210.50, if the company requires a rate of return of 20% compounded semiannually? The first payment is due one month from now.
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Introduction To Financial Technology
Authors: Roy S. Freedman
1st Edition
0123704782, 9780123704788
