A loan of $401,000 at 5.02% compounded quarterly was to be settled with month-end payments of...
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A loan of $401,000 at 5.02% compounded quarterly was to be settled with month-end payments of $9,000. What will be the balance on the loan at the end of year 3? Round to the nearest cent A loan of $401,000 at 5.02% compounded quarterly was to be settled with month-end payments of $9,000. What will be the balance on the loan at the end of year 3? Round to the nearest cent
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Ans 3 year 3x412 quarters quarterly payments 3x900027000 Future value of ... View the full answer
Related Book For
Elementary Statistics
ISBN: 978-0538733502
11th edition
Authors: Robert R. Johnson, Patricia J. Kuby
Posted Date:
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