Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $ 1
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Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $ at the end of every year over six years. If interest is compounded semi dash annually what was the original loan balance?
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The original loan balance was $
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Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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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