niagara vineyards borrowed $75.000 to update their bottling equipment. they agreed to make payments of $6000 at the end of every three months. if interest is 7.31% compounded quearterly, how long will the company have to make the payments? the company will have to make paysments for ____ quarters.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
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niagara vineyards borrowed $75.000 to update their bottling equipment. they agreed to make payments of $6000 at the end of every three months. if interest is 7.31% compounded quearterly, how long will the company have to make the payments? the company will have to make paysments for ____ quarters.
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