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You have a company that needs a new computer system that will cost $25,000. You put down $5,000 and finance the remainder at 12 percent,
You have a company that needs a new computer system that will cost $25,000. You put down $5,000 and finance the remainder at 12 percent, compounded monthly for 2 years. The bank will automatically deduct the payment from your account at the beginning of each month. What is your monthly equipment payment?
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The loan amount is 25000 5000 20000 The loan will b...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
