Solutions Manual > brian inc.ods McGill University ACCT 351
McGill University ACCT 351 Solution: P13-2 Date Payment Interest (5%) Jan. 1, 2017 $ 85,000 Jan. 1, 2018 $ 23,971 $ 4,250 $ 19,721 65,279 Jan. 1, 2019 23,971 3,264 20,707 44,572 Jan. 1, 2020 23,971 2,229 21,742 22,830 Jan. 1, 2021 23,971 1,141 22,830 0 Total $ 95,884 $ 10,884 $ 85,000 Using a financial calculator: PV ? Yields $85,000 I 5% N 4 PMT -$23,971 FV 0 Type 0 Excel: $85,00 ...[Show More]
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| Category: | Solutions Manual |
| Number of pages: | 6 |
| Language: | English |
| Last updated: | 1 year ago |
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