4. Dan borrowed $774.00 today and is to repay the loan in two equal payments. The...
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4. Dan borrowed $774.00 today and is to repay the loan in two equal payments. The first payment is in two months, and the second payment is in nine months. If interest is 9% per annum on the loan, what is the size of the equal payments? Use today as the focal date. (402.71) 4. Dan borrowed $774.00 today and is to repay the loan in two equal payments. The first payment is in two months, and the second payment is in nine months. If interest is 9% per annum on the loan, what is the size of the equal payments? Use today as the focal date. (402.71)
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Posted Date:
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