A loan was repaid in five years by end-of-quarter payments of $1200 at 9.5% com- pounded semi-annually.

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A loan was repaid in five years by end-of-quarter payments of $1200 at 9.5% com- pounded semi-annually. How much interest was paid?

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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 04:02 AM

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A loan was repaid in five years by end-of-quarter payments of $1200 at 9.5% com- pounded semi-annually.

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Contemporary Business Mathematics with Canadian Applications

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