Jasmine borrowed $3740.00 compounded quarterly to help finance her education. She contracted to repay the loan in

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Jasmine borrowed $3740.00 compounded quarterly to help finance her education. She contracted to repay the loan in quarterly payments of $274.00 each. If the payments are due at the end of each 3 months and interest is 6% compounded quarterly, how long will Jasmin have to make quarterly payments? State your answer in years and months (from 0 to 11 months).

Jasmine will have to make payments for ____year(s) and _______month(s).

Posted Date: May 03, 2024 01:21 AM

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Jasmine borrowed $3740.00 compounded quarterly to help finance her education. She contracted to repay the loan in

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