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You lend Jack $8,000 and he agrees to repay you in equal year-end amounts over 5 years. If the interest rate is 5.3% per
You lend Jack $8,000 and he agrees to repay you in equal year-end amounts over 5 years. If the interest rate is 5.3% per annum compounded quarterly, the annual repayment will be (rounded to nearest dollar; don't include the $ sign or commas): Answer:
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SOLUTION we can use the formula for calculating the Equal YearEnd Amount EYEA for a loan with regula...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
