Mr Ahmad wants to borrow $30,000 for a delivery Van for his Bakery business, which is rovided by Bank Muscat at 9% per year, compounded monthly. If Mr Ahmad takes a 5-year Dan, what is your monthly payment? Oa. -622.75 b. -600.75 C-548.25 d- -500.45

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
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Mr Ahmad wants to borrow $30,000 for a delivery Van for his Bakery business, which is rovided by Bank Muscat at 9% per year, compounded monthly. If Mr Ahmad takes a 5-year Dan, what is your monthly payment? Oa. -622.75 b. -600.75 C-548.25 d- -500.45
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