A debt of $2290 is repaid by making payments of $198. If interest is 16.95% com- pounded

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A debt of $2290 is repaid by making payments of $198. If interest is 16.95% com- pounded monthly, for how long will quarterly payments have to be made?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:01 AM

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A debt of $2290 is repaid by making payments of $198. If interest is 16.95% com- pounded

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Contemporary Business Mathematics with Canadian Applications

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