Multiple Choice
Debt Ltd borrowed $100 000 from its local bank to finance the purchase of new equipment.Annual payments are required over five years at a fixed interest rate of 10% p.a.How much is each annual payment?
A) $27 398.18
B) $20 000.00
C) $26 379.75
D) $24 444.12
Correct Answer:
Verified
Correct Answer:
Verified
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