You borrow 42000 and repay the loan with 6 equal annual


You borrow $42,000 and repay the loan with 6 equal annual payments. The first payment occurs one year after receipt of the $42,000 and you pay 8% interest compounded semiannually and annual payments are made over 6 years?

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Business Economics: You borrow 42000 and repay the loan with 6 equal annual
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