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
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
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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