A debt of $ 1 0 , 0 0 0 is to be repaid by equal Monthly

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A debt of $

10, 000

is to be repaid by equal Monthly payments at the end of every month for

1

year. Interest is

6 %

compounded Semi

-

Annually. What is the size of the payment?

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Mar 18, 2024 02:04 AM

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A debt of $ 1 0 , 0 0 0 is to be repaid by equal Monthly

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To find the size of the monthly payment required to repay a debt of 10000 over one year ... View the full answer

Contemporary Business Mathematics with Canadian Applications

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