A debt of $15,000 with interest at 9.0%p.a compounding quarterly is to be repaid with 9 equal

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A debt of $15,000 with interest at 9.0%p.a compounding quarterly is to be repaid with 9 equal end-of-quarter payments.

How much interest is in the final instalment?

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Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

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Posted Date: Jan 29, 2024 07:03 AM

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A debt of $15,000 with interest at 9.0%p.a compounding quarterly is to be repaid with 9 equal

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Complete Business Statistics

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