XTZ Company took a loan from the bank for 9 years, and compounded annually interest of 1.3

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XTZ Company took a loan from the bank for 9 years, and compounded annually interest of 1.3 per cent is charged, Repayment of the loan has been done by equal installment in the beginning of each year which are 246 each.

What is the the loan amount that is taken?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jun 07, 2023 01:15 AM

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XTZ Company took a loan from the bank for 9 years, and compounded annually interest of 1.3

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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