You borrowed some money at 8 percent per annum. You repay the loan by making three annual
Fantastic news! We've Found the answer you've been seeking!
Question:
You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $147 (first payment made at t = 1), followed by five annual payments of $528, followed by four annual payments of $782. How much did you borrow?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: