suppose you take out a loan of 10000 repayable by


Suppose you take out a loan of $10,000, repayable by five equal annual instalments. The interest rate is 10% per year.

(a) How much do you need to repay per year to the nearest cent if payments are due : (i) at the beginning of each year (ii) at the end of each year?

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Corporate Finance: suppose you take out a loan of 10000 repayable by
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