BUSINESS ADMINISTRATION PAST PAPERS

BUSINESS ADMINISTRATION PAST PAPERS i) You wish to borrow $ 8000 to be repaid in 24 monthly installments at an annual interest rate of 8%. What is your monthly payment? a) $ 262.82 b) $ 361.82 c) $ 150.5 d) $ 325.00 e) none ii)If you invest $ 600 every six months at 8% compounded …

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