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A business valued at $100,000 is purchased for a down payment of 30% and payments of 3000 at the end of every three months. If interest rate is 10% compounded monthly, what is the size of the final payment? CARA Ann PA AA

A business valued at $100,000 is purchased for a down payment of 30% and payments of 3000 at the end of every three months. If interest rate is 10% compounded monthly, what is the size of the final payment? CARA Ann PA AA

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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10. A business valued at $100,000 is purchased for a down payment of 30% and payments of 3000 at the end of every three months. If interest rate is 10% compounded monthly, what is the size of the final payment? An non no ** AA/
Transcribed Image Text:10. A business valued at $100,000 is purchased for a down payment of 30% and payments of 3000 at the end of every three months. If interest rate is 10% compounded monthly, what is the size of the final payment? An non no ** AA/
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