Kim Barth decides to start a small restaurant near a busy shopping mall. She applies for a loan of $150,000,
Compute the annual installment amount. Use the annuity tables at the end of the book.
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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Question Posted: February 20, 2013 09:42:48