Friday, 13 February 2015

On January 1, 2013, a company agrees to pay $22,000 in nine years. If the annual interest rate is 8%, determine how much cash the company can borrow with this agreement.

On January 1, 2013, a company agrees to pay $22,000 in nine years. If the annual interest rate is 8%, determine how much cash the company can borrow with this agreement.
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