R. Lee Rouse borrows $10,000 that is to be repaid in 24 equal monthly installments payable at

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R. Lee Rouse borrows $10,000 that is to be repaid in 24 equal monthly installments payable at the end of each subsequent month with interest at the rate of 11⁄2% a month.

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Using the appropriate table, calculate the equal installments.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:02 AM

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R. Lee Rouse borrows $10,000 that is to be repaid in 24 equal monthly installments payable at

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Intermediate Accounting

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