Malika promises to repay a loan in 10 equal payments of $42,000. The interest rate is...
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Malika promises to repay a loan in 10 equal payments of $42,000. The interest rate is 6%. What is the outstanding balance at the end of year 6? Ⓒ$145,534 $137,296 Ⓒ$168,000 O $154,267 Ⓒ$206,528 O $309,124 Malika promises to repay a loan in 10 equal payments of $42,000. The interest rate is 6%. What is the outstanding balance at the end of year 6? Ⓒ$145,534 $137,296 Ⓒ$168,000 O $154,267 Ⓒ$206,528 O $309,124
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D E F G H 8 Year Amount os at beginning Payment per period Interest repaid Principal repaid Ending O... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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