Question
You plan to borrow $153,000 now and repay it in 19 equal annual installments (payments will be made at the end of each year). If
You plan to borrow $153,000 now and repay it in 19 equal annual installments (payments will be made at the end of each year). If the annual interest rate is 15%, how much will your annual payments be?
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International Finance Theory And Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J Melitz,
11th Edition
013451954X, 9780134519548
