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Calculate the annual and end-of-year payments

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Question - Carters Company Limited, a small transportation organisation, is contemplating borrowing $550,000 from LendUs Bank Ltd to install a new computer system. The annual rate of interest on the loan will be 10% and it is to be repaid over 4 years. Carters Company Limited has asked for the following information to assist with the decision making process.

Required - Calculate the annual, end-of-year payments using CF PV?

Reference no: EM133118177

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