One building was priced at $ 125,000 . If you advance $ 25,000 and every month after that If $ 1,000 is paid, how many months will the payment for the building take? Monthly compound interest take the rate as 9%.

One building was priced at $ 125,000 . If you advance $ 25,000 and every month after that If $ 1,000 is paid, how many months will the payment for the building take? Monthly compound interest take the rate as 9%.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 16P

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One building was priced at $ 125,000 . If you advance $ 25,000 and every month after that
If $ 1,000 is paid, how many months will the payment for the building take? Monthly compound interest
take the rate as 9%.

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