Loose Leaf for Personal Finance
Loose Leaf for Personal Finance
12th Edition
ISBN: 9781259720680
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Publisher: McGraw-Hill Education
Question
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Chapter 8, Problem 4FPP
Summary Introduction

To determine:

The future value of contract that would be paid.

Introduction:
Cost of credit refers a promise of make payment a sum of money, should be paid immediately, and would be paid after sometime or in the installment. It is a kind of trust between the giver and receiver of money to make payment.

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