Etchey Company borrowed $50,000 to be repaid in equal monthly installments at 12% interest over five years.

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Etchey Company borrowed $50,000 to be repaid in equal monthly installments at 12% interest over five years. Compute the periodic payment amount.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:57 AM

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Etchey Company borrowed $50,000 to be repaid in equal monthly installments at 12% interest over five years.

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Accounting concepts and applications

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