Monthly payments of $433 are made for 3 years to repay a loan at 10.8% compounded monthly.
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In Problem, find i ( the rate per period) and n ( the number of periods) for each loan at the given annual rate.
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Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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