A business borrows 52000 dollars at an effective rate of interest of 9 percent. The loan is to be repaid with 10 equal a
Posted: Wed Mar 30, 2022 3:37 pm
A business borrows 52000 dollars at an effective rate of interest of 9 percent. The loan is to be repaid with 10 equal annual pay- ments, the first coming a year from now. How much is each annual payment?