Caleb has a $1215 loan payment due today but he would like to defer the payment for

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Caleb has a $1215 loan payment due today but he would like to defer the payment for seven months. How much is the equivalent payment seven months from today if he is being charged interest on the loan at  8 1 2 %  per annum?

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Business Mathematics In Canada

ISBN: 9781260065992

10th Edition

Authors: F. Ernest Jerome, Tracy Worswick

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