Isaac borrowed $3000 at 4.5% compounded quarterly 3 1/2 years ago. One year ago he made a
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Isaac borrowed $3000 at 4.5% compounded quarterly 3 1/2 years ago. One year ago he made a payment of $1200. What amount will extinguish the loan today?
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Amount owed before the 1200 payment 1 year ago 3000 101125 ...View the full answer
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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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