4. find the periodic payemnt R required to amortize a loan of P dollars over T years with interest charged at the rate of r%/year compounded M times a year. - round mearest cent - P= 12,000 R=4 T=5 M=12

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter19: Lease And Intermediate-term Financing
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4. find the periodic payemnt R required to amortize
a loan of P dollars over T years with interest
charged at the rate of r%/year compounded M
times a year. - round mearest cent
- P= 12,000 R=4 T=5 M=12
Transcribed Image Text:4. find the periodic payemnt R required to amortize a loan of P dollars over T years with interest charged at the rate of r%/year compounded M times a year. - round mearest cent - P= 12,000 R=4 T=5 M=12
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