On january 1 2015 ink inc borrowed 100000 cash from, Ask an Expert

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On January 1, 2015, INK inc. borrowed $100,000 cash from fidelity bank on a note that had 6% annual interest rate and a five year term. The loan is to be repaid in annual payment on January 1 each year. Determine the annual payment to be made on the installment note.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91792355

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