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bigexternal bigexternal
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Posts: 1279
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7 years ago
Betty borrows $50,000 at 10 percent annually compounded interest to be repaid in four equal annual installments. The actual end of year loan payment is: (Round to the nearest whole dollar)
A) $10,774   
B) $12,500   
C) $14,340   
D) $15,774
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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We're using: Corporate Finance Online (Eakins, McNally)
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BlimpBlimp
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#1
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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bigexternal Author
wrote...
#2
7 years ago
I was skeptic but after double checking it checks out, thanks
We're using: Corporate Finance Online (Eakins, McNally)
wrote...
#3
3 years ago
THANK YOU
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#4
3 years ago
sa
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#5
3 years ago
Hlw
wrote...
#6
3 years ago
thank you very much
wrote...
#7
2 years ago Edited: 2 years ago, FailingStudent
What equation was used?
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