Assume a small engineering firm borrows $300,000 at 7% per month interest rate. If the firm makes

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Assume a small engineering firm borrows $300,000 at 7% per month interest rate. If the firm makes a payment of $50,000 at the end of the first month, and $80,000 at the end of the first year, what is the amount left to be paid immediately after the second payment is made?

Posted Date: May 18, 2024 11:19 PM

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Assume a small engineering firm borrows $300,000 at 7% per month interest rate. If the firm makes

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