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September 2, 2014

Homework Help: Finance

Posted by ashley on Thursday, December 9, 2010 at 3:34pm.

A company requires the amount of $1,000,000 in 25 years to retire a bond issue. Assume they can earn 5 3/4% interest compounded daily. What amount would they have to pay quarterly to be able to retire this debt in 25 years?

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