Imagine that DHL borrowed capital that needed to be repaid in 5 years. If DHL paid $150,000 at the end of each year at 10% interest compounded annually, What was the original loan amount?

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12-06-2024
Mathematics

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Imagine that DHL borrowed capital that needed to be repaid in 5 years. If DHL paid $150,000 at the end of each year at 10% interest compounded annually, What was the original loan amount?

Sagot :

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