A $65,000 loan, bearing interest at 8% compounded quarterly was repaid, after a period of deferral, by
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A $65,000 loan, bearing interest at 8% compounded quarterly was repaid, after a period of deferral, by quarterly payments of $3821.85 over 10 years. What was the time interval between the date of the loan and the first payment?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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