A loan of $21,919 was repaid at the end of 18 months. What size repayment check (principal and interest) was written, if a 10.7% annual rate of interest was charged? The amount of the repayment check was $n. (Round to two decimal places.)
A loan of $21,919 was repaid at the end of 18 months. What size repayment check (principal and interest) was written, if a 10.7% annual rate of interest was charged? The amount of the repayment check was $n. (Round to two decimal places.)
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
Problem 1PS
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