Maurice Tutor

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Category > Computer Science Posted 28 Aug 2017 My Price 4.00

Precision Instruments, Inc

Precision Instruments, Inc. manufactures high sensitivity mini accelerometers designed for modal analysis testing. The company borrowed $10,000,000 with the understanding that it would make a $2,000,000 payment at the end of year 1 and then make equal annual payments in years 2 through 5 to pay off the loan. If the interest rate on the loan was 9% per year, how much was each payment in years 2 through 5?

 

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Maurice Tutor
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Status NEW Posted 28 Aug 2017 04:08 PM My Price 4.00

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