A $4000 loan at 5% compounded monthly is to be repaid by two equal payments due 10

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A $4000 loan at 5% compounded monthly is to be repaid by two equal payments due 10 and 15 months from the date of the loan. What is the size of the payments?

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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 $4000 loan at 5% compounded monthly is to be repaid by two equal payments due 10

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Fundamentals Of Business Mathematics In Canada

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