Hey guys, just got a question about 8)c)i
Anyone able to show me how to do it?
Ignoring formulas and just working off logic I ended up with this:
A2 = (3,000,000 - 480,000) x 1.12 - 480,000
= (3x10^6)(1.12) - (4.8x10^5)(1+1.12)
3,000,000 payed at the start of 2005, at the...