can you solve it not using advanced functions, thank you:) 10. Warren bought a bicycle for $2500, plus 13% HST. He arranged to make a payment to the store at the end of every month for 2 years. The store is charging 6% interest per annum, compounded monthly. a) How much is each payment? b) How much interest is Warren paying?

can you solve it not using advanced functions, thank you:) 10. Warren bought a bicycle for $2500, plus 13% HST. He arranged to make a payment to the store at the end of every month for 2 years. The store is charging 6% interest per annum, compounded monthly. a) How much is each payment? b) How much interest is Warren paying?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10P: The D.J. Masson Corporation needs to raise $500,000 for 1 year to supply working capital to a new...

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