A loan of $7200 is repaid by payments of $360 at the end of every three months.
Question:
(a) How many payments are required to repay the debt?
(b) What is the size of the final payment?
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a END mode PY 4 CY 4 11 IY 7200 PV 360 PMT 0 FV CPT N ...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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