If I borrowed $100,000. I have to pay this money back for three years. But interest does
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If I borrowed $100,000. I have to pay this money back for three years. But interest does not apply in the first year. In the second and third years, 5 percent of the remaining amount is added. I always want to pay the same amount.
How much should I pay a year?
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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