A man loans 192,000 and promised to pay for 8 years at an interest rate of
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A man loans ₱ 192,000 and promised to pay for 8 years at an interest rate of 5% compounded annually, the first payment is due at the end of 10 years.
Find the annual payment.
Related Book For
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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