Business
Business, 13.09.2019 02:30, cheating53

Jones co. borrowed money that is to be repaid in 12 years. so that the loan will be paid back at end of the 12th year, the company invests $8,000 at end of each year at 5% compounded annually. the amount of the original loan was :
a. $127,336.80
b. $70,905.60
c. $127,636.80
d. $70,950.60

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Answers: 3

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Jones co. borrowed money that is to be repaid in 12 years. so that the loan will be paid back at end...

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