Four years ago, your friend borrowed a ten - year loan of $ 2 0 0 ,

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Question:

Four years ago, your friend borrowed a ten

-

year loan of $

200, 000

from BOA Bank, with an annual interest rate of

10 %

and quarterly compound interest. During this period, she has been repaying the loan in equal amounts quarterly, and now she hopes to repay the loan in full. The amount she needs to repay the bank today is close to:

.

72, 524

.

104, 012

.

142, 494

.

187.678

Related Book For answer-question

Fundamentals Of Financial Management

ISBN: 9781111795207

11th Edition

Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston

See More Books

Posted Date: Feb 12, 2024 01:59 AM

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Four years ago, your friend borrowed a ten - year loan of $ 2 0 0 ,

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Fundamentals Of Financial Management

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