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CONCEPTS IN FED.TAX.,2020-W/ACCESS

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 61P

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Question

A man borrows S195,500 from a bank with interest at 7% compounded annually.
He agrees to pay his obligations by paying 8 equal annual payments, the first being due at
the end of 10 yearh. Find the annual payments.
S60,203
b. S60,354
4. $60,487
d. S60,589
e. $60,758

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