A $15,000 loan at 5.5% compounded semiannually is advanced today. Two payments of $4000 are to be

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A $15,000 loan at 5.5% compounded semiannually is advanced today. Two payments of $4000 are to be made 1 year and 3 years from now. The balance is to be paid in 5 years. What will the third payment be?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:42 AM

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A $15,000 loan at 5.5% compounded semiannually is advanced today. Two payments of $4000 are to be

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Fundamentals Of Business Mathematics In Canada

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