A debt of $30 000 is repaid in monthly installments of $550. If interest is 8% com-

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A debt of $30 000 is repaid in monthly installments of $550. If interest is 8% com- pounded quarterly, what is the size of the final payment?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:10 AM

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A debt of $30 000 is repaid in monthly installments of $550. If interest is 8% com-

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END mode PY 12 CY 4 8 IY 30 000 PV 550 PMT 0 FV 0 F...View the full answer

Contemporary Business Mathematics with Canadian Applications

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