You are repay a loan of 3500 with 15 quarter repayments of 260 with the first repayment being one quarter after you took out the loan.Interest is charged at j4=7.9560%p.a. One quarter after the last payment of $260 you make a partial payment to finish paying off the loan. The size of the partial payment is?

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Interest pa 79560 so quarterly interest rate 795604 1989 Total ... View the full answer