The loan in the amount of 180,000 rubles was issued for 12 years at 14% per annum

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The loan in the amount of 180,000 rubles was issued for 12 years at 14% per annum on the terms of monthly repayment. Determine the amount in repayment of the loan. Schedule the credit depreciation.

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Cornerstones of Financial Accounting

ISBN: 978-1337690898

4th edition

Authors: Jay Rich, Jeff Jones

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Posted Date: Jan 16, 2021 10:35 PM

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The loan in the amount of 180,000 rubles was issued for 12 years at 14% per annum

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The amount of the loan repayment will be 14400 rubles per month The credit depreciation schedule is as follows Year 1 14400 rubles Year 2 12960 rubles ... View the full answer

Cornerstones of Financial Accounting

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