1. A loan of $10,000 at 9% interest compounded monthly is repaid in 80 months with monthly...
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2. A loan of $4000 at 6% interest compounded monthly is repaid in 8 years with monthly payments of $52.57. After how many months will the loan be one-quarter paid off? One-half ? Three-quarters?
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1 Enter 10000 then run 10075 Ans 16668 repeatedly The balance d...View the full answer
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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