Alpha Geek

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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Accounting Posted 22 Apr 2017 My Price 2.00

Adam borrows $4,500

1. Adam borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year payment is: $_________. (Please calculate the arithmetic solution and show your work)

 

Answers

Alpha Geek
(8)
Status NEW Posted 22 Apr 2017 12:04 PM My Price 2.00

1. -----------Ada-----------m b-----------orr-----------ows----------- $4-----------,50-----------0 a-----------t 1-----------2 p-----------erc-----------ent----------- an-----------nua-----------lly----------- co-----------mpo-----------und-----------ed -----------int-----------ere-----------st -----------to -----------be -----------rep-----------aid----------- in----------- fo-----------ur -----------equ-----------al -----------ann-----------ual----------- in-----------sta-----------llm-----------ent-----------s. -----------The----------- ac-----------tua-----------l e-----------nd------------of------------yea-----------r p-----------aym-----------ent----------- is-----------: $-----------___-----------___-----------___-----------.

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