Question
You borrow $60,000 and promise to make annual payment of $11524. You will begin making payments on this date in 2024 and continue each year
You borrow $60,000 and promise to make annual payment of $11524. You will begin making payments on this date in 2024 and continue each year through and including 2030. How many payments will you make? Find the annual interest rate paid.
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
