Suppose a firm borrows Shs.40m at 10% interest to be repaid in the next 5 years. Equal installments are required at the

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answerhappygod
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Suppose a firm borrows Shs.40m at 10% interest to be repaid in the next 5 years. Equal installments are required at the

Post by answerhappygod »

Suppose a firm borrows Shs.40m at 10% interest to be repaid in
the next 5 years. Equal installments are required at the end
of each year and these payments must be sufficient to repay
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