What series of equal payments is necessary to repay amounts
What series of equal (uniform) payments is necessary to repay the following present amounts?
a. $5,000 in 5 years at 15% compounded annually with annual payments?
b. $10,000 in 15 years at 10% compounded annually with annual payments?
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What series of equal (uniform) payments is necessary to repay the following present amounts? $5,000 in 5 years at 15% compounded annually with annual payments?
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