A solid waste disposal company borrowed money at 10% per year interest to purchase new haulers and other equipment needed at the company owned landfill site. If the company got the loan 2 years ago and paid it off with a single payment of $4,600,000, what was the principal amount P of the loan? The answer is $3,801,653 ALL I NEED IS A SOLUTION TO THE PROBLEM
A solid waste disposal company borrowed money at 10% per year interest to purchase new haulers and other equipment needed at the company owned landfill site. If the company got the loan 2 years ago and paid it off with a single payment of $4,600,000, what was the principal amount P of the loan? The answer is $3,801,653 ALL I NEED IS A SOLUTION TO THE PROBLEM
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A solid waste disposal company borrowed money at 10% per year interest
to purchase new haulers and other equipment needed at the company owned
landfill site. If the company got the loan 2 years ago and paid it off with a single
payment of $4,600,000, what was the principal amount P of the loan?
The answer is $3,801,653 ALL I NEED IS A SOLUTION TO THE PROBLEM
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