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Author Question: Suppose you borrowed $15,000 at a rate of8% and must repay it in5equal installments at the end of ... (Read 67 times)

isam

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on: Aug 7, 2023

Question 1

Suppose you borrowed $15,000 at a rate of10% and must repay it in5equal installments at the end of each of the next5years. How much would your payments be?

◦

$3,804.02


◦

$3,956.96


◦

$4,083.69


◦

$4,187.87



Question 2

Suppose you borrowed $15,000 at a rate of8% and must repay it in5equal installments at the end of each of the next5years. By how much would you reduce the amount you owe in the first year?

◦

$2,292.81


◦

$2,379.02


◦

$2,455.23


◦

$2,556.85

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by isam on Aug 7, 2023

MajorWaffle

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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isam

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Reply 2 on: Aug 7, 2023
Wow, this really help

Liamb2179

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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