Finding n Anna borrowed 100,000 from a local. bank which charges them an intrest bank rate of the per year, if Acme poro pays How Many year the bank 8000 per year will it take to pay off the loan. n = ? C = 7% 100000 800 (PIA, 7%, n) 8000 for (P/A, 7%/n) 12.5 S

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Please use the formula given , and solve with steps thank you
Fmoling
Anna bomoned 9001000 om a
bank which charges them an ntrest
/ocal
ratmof ai pa year
the bank
wie ct
if Acme
pir year
take to pay off Ahe loan.
8000
HoN
Tany Jear.
100000
8006 (PIA」子ンっn)
12.5 - pIA,デスノn)
+ Formu la
Transcribed Image Text:Fmoling Anna bomoned 9001000 om a bank which charges them an ntrest /ocal ratmof ai pa year the bank wie ct if Acme pir year take to pay off Ahe loan. 8000 HoN Tany Jear. 100000 8006 (PIA」子ンっn) 12.5 - pIA,デスノn) + Formu la
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