Fishing designs has arranged to borrow $13,000 today at 10% interest. the loan is to be repaid with end-of-year payments of $3,000 at the end of years 1 through 4. at the end of year 5, the remainder will be paid. what is the year 5 payment?
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Home » Business » Fishing designs has arranged to borrow $13,000 today at 10% interest. the loan is to be repaid with end-of-year payments of $3,000 at the end of years 1 through 4. at the end of year 5, the remainder will be paid. what is the year 5 payment?