Jacqueline initially borrowed $7,200 from RBC Bank at 4.98% compounded monthly. After 2 years she repaid $3,528,
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Jacqueline initially borrowed $7,200 from RBC Bank at 4.98% compounded monthly. After 2 years she repaid $3,528, then 5 years after the $7,200 was initially borrowed she repaid $2,160. If she pays off the debt 9 years after the $7,200 was initially borrowed, how much should her final payment be to clear the debt completely? Round all answers to two decimal places if necessary.
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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