Monthly payments of $315.49 are required on a $20,000 loan at 5.5% compounded quarterly. What is the

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Monthly payments of $315.49 are required on a $20,000 loan at 5.5% compounded quarterly. What is the term of the loan?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:52 AM

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Monthly payments of $315.49 are required on a $20,000 loan at 5.5% compounded quarterly. What is the

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Given PV 20000 PMT 31549 i 554 1375 c 412 03 T...View the full answer

Business Mathematics In Canada

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