You borrowed some money at 8 percent per annum you repay, Ask an Expert

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You borrowed some money at 8 percent per annum. You repay the loan by making three annual payments of $ 139 (first payment made at t = 1), followed by five annual payments of $ 413 , followed by four annual payments of $ 715 . How much did you borrow?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92070430

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