Cash Flow Diagrams needed An individual expects to receive a loan of X amount of money two
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Cash Flow Diagrams needed
An individual expects to receive a loan of "X" amount of money two years from now. He also knows that he will need to repay the loan with equal installment payments in years 4 through 8 of $4000. Compute the amount of money, "X", using an interest rate of 10% per year compounded yearly
Related Book For
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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