Compounded,Inc

question 32

Short Answer

Compounded,Inc.wants to borrow $100,000 for 10 years at 7% annual interest.The loan will be repaid in ten equal annual payments at the end of each year.How much will each payment be?

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Definitions:

Authoritative

Characterized by an assertive and reasonable approach, especially in leaders, that is often effective in guidance, discipline, and setting standards.

Happy

A state of well-being and contentment characterized by positive emotions and life satisfaction.

Life-Span

The length of time for which a person or organism lives or a thing functions.

Adult Personality Traits

Characteristics or qualities that form an individual's distinctive character in adulthood, often seen as consistent over time.