In Problem find i (the rate per period) and n (the number of periods) for each loan
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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.
Monthly payments of $245.65 are made for 4 years to repay a loan at 7.2% compounded monthly.
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i 7212 06 n 4 x 12 48 Explanations The annual rate of ...View the full answer
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Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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