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You owe 15 equal end of month payments of Rs. 30,000 each on a machine. The machine was financed at 1/2% per month compounded
You owe 15 equal end of month payments of Rs. 30,000 each on a machine. The machine was financed at 1/2% per month compounded monthly. If you wish to pay off the loan with a single payment today, what single amount do you need today to pay-off your loan?
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
