A loan of $12 000 is amortized over 10 years by equal monthly payments at 7.5% compounded
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Loan amount 12000 Rate of interest 75 per annum compound monthly So Monthly interest rate 0...View the full answer
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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