If you borrow $24398 with an annual rate of 9% compounded monthly and make a payment of $282 every month, you will still owe $ (whole dollars) after 50 months. Remember, when you pay the bank, you round up, when the bank pays you round down
If you borrow $24398 with an annual rate of 9% compounded monthly and make a payment of $282 every month, you will still owe $ (whole dollars) after 50 months. Remember, when you pay the bank, you round up, when the bank pays you round down
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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