If you borrowed $1000 on May 1, 2015, at 10% compounded semi-annually, and interest on the loan

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If you borrowed $1000 on May 1, 2015, at 10% compounded semi-annually, and interest on the loan amounts to $157.63, on what date is the loan due?

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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 03:51 AM

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If you borrowed $1000 on May 1, 2015, at 10% compounded semi-annually, and interest on the loan

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PV 100000 I 15763 FV 115763 I Y 10 C Y 2 i 5 005 115763 1000...View the full answer

Contemporary Business Mathematics with Canadian Applications

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