A 20000 4 loan is to be repaid in n level annual


A $20,000 4% loan is to be repaid in n level annual instalments, commencing one year after the date of the loan. The amount of principal included in the 4th instalment is $450. In which of the following rangers is the amount of the instalment?

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Financial Management: A 20000 4 loan is to be repaid in n level annual
Reference No:- TGS01182932

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