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7 years ago
Jia 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 ________.
A) $10,774
B) $12,500
C) $14,340
D) $15,773
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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alovelyalovely
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7 years ago Edited: A year ago, bio_man
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