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you have borrowed $30,000 to buy a new home. you plan to make annual payments over a 5-years period. the bank has offered you a
you have borrowed $30,000 to buy a new home. you plan to make annual payments over a 5-years period. the bank has offered you a 9% interest rate, compounded annually. what will be the outstanding balance(FV of loan) in year 4?
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
