A loan of $14 400 is to be repaid in end-of-the-quarter payments of $600. How many payments

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A loan of $14 400 is to be repaid in end-of-the-quarter payments of $600. How many payments are required to repay the loan at 10.5% compounded quarterly?

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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 03:58 AM

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A loan of $14 400 is to be repaid in end-of-the-quarter payments of $600. How many payments

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PV n 14 40000 PMT 60000 i 2625 n In 037 In102625 n 0994252 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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