You borrow $8000 at an annual interest rate of 6% to be repaid in 4 equal annual

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You borrow $8000 at an annual interest rate of 6% to be repaid in 4 equal annual installments. If you want to repay the who;e loan at the end of period 2, then your payment will be equal to approximately?

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Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 13, 2024 05:05 AM

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You borrow $8000 at an annual interest rate of 6% to be repaid in 4 equal annual

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Fundamentals of Financial Management

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