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solina solina
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6 years ago
Your company has received a $50,000 loan from an industrial finance company. The annual payments are $6,202.70. If the company is paying 9% interest per year, how many loan payments must the company make?
A) 15
B) 13
C) 12
D) 19
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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LutionalLutional
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#1
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6 years ago
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solina Author
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6 years ago
Good timing, thanks!
loki1345
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Yesterday
You make an excellent tutor!
smdavis
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2 hours ago
Thanks
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