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with detailed steps please. A company received a bank loan to purchase a machine for their project. for an annual interest rate of 8%. In
with detailed steps please.
A company received a bank loan to purchase a machine for their project. for an annual interest rate of 8%. In return, the company will payback to the bank an amount of money for the first year, and then an annual increase of 4000 Dhs for the next four years after that. If the average annual payments (A) the company is going to pay is 4,2614 Dhs. Calculate the amount of money for the first year. 25,000 Dhs 15.000 Dhs b. 50,000 Dhs 500,000 Dhs d. A company received a bank loan to purchase a machine for their project. for an annual interest rate of 8%. In return, the company will payback to the bank an amount of money for the first year, and then an annual increase of 4000 Dhs for the next four years after that. If the average annual payments (A) the company is going to pay is 4,2614 Dhs. Calculate the amount of money for the first year. 25,000 Dhs 15.000 Dhs b. 50,000 Dhs 500,000 Dhs dStep by Step Solution
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