On the day you graduate from college you borrow $35,000 from your local bank for five years
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On the day you graduate from college you borrow $35,000 from your local bank for five years at 6%. The terms stipulate that you will have to pay back in five equal annual installments. How much of your first payment will be for repayment of principal?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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