Land is purchased for 75000 it is agreed for the land to be, Ask an Expert

Economics

Land is purchased for $75,000. It is agreed for the land to be paid for over a 5 year period with annual payments and using 12% annual compound interest rate. Each payment is to be $3000 more than the previous payment. Determine the size of the last payment.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91529363

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