Dr Nick

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About Dr Nick

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Teaching Since: May 2017
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  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

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  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Biology Posted 19 Jul 2017 My Price 15.00

the bank at 14.96 percent per year, compounded annually,

Big Brothers, Inc. borrows $261,080 from the bank at 14.96 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 7 years. How much will each annual payment be?

Round the answer to two decimal places.

Finance 330

Answers

Dr Nick
(4)
Status NEW Posted 19 Jul 2017 07:07 AM My Price 15.00

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