Immediately after the 9th payment is made what is the book


Suppose you had borrowed money by issuing a note that promised to make 12 annual payments of $1000. The market rate of interest at the time was 10%. (assume annual compounding)

Immediately after the 9th payment is made, what is the book value of the remaining liability?

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Financial Management: Immediately after the 9th payment is made what is the book
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