You need money and you go to a bank to request a loan, the sum you need
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Question:
You need money and you go to a bank to request a loan, the sum you need is half a million colones, and you know that the bank charges you an interest rate of 30% per year, for a term of 5 years and that the installments They must be monthly, how much will be the amount of the installment that you must pay for the loan during the 60 months?
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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