If you borrowed $1000 on May 1, 2023, at 10% compounded semi-annually, and interest on the loan

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If you borrowed $1000 on May 1, 2023, 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: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:08 AM

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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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If you borrowed $1000 on May 1, 2023, at 10% compounded semi-annually, and interest on the loan

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Contemporary Business Mathematics With Canadian Applications

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