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If $10.000 is borrowed at 10% p.a. interest to be paid back over 10 annual installment, how much of the second year's payment is interest? O A. S1.037,26 O B. $937,26 O C $1.000 O D. $954,26

If $10.000 is borrowed at 10% p.a. interest to be paid back over 10 annual installment, how much of the second year's payment is interest? O A. S1.037,26 O B. $937,26 O C $1.000 O D. $954,26

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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If $10.000 is borrowed at 10% p.a. interest to be paid back over 10 annual installment, how much of the second year's payment is interest? O A. $1.037,26 O B. $937,26 O C $1.000 O D. $954,26
Transcribed Image Text:If $10.000 is borrowed at 10% p.a. interest to be paid back over 10 annual installment, how much of the second year's payment is interest? O A. $1.037,26 O B. $937,26 O C $1.000 O D. $954,26
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