Can you please explain me this question? Thanks! 1. Hewlett Plastics Inc. received a loan of $860

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Can you please explain me this question? Thanks!

1. Hewlett Plastics Inc. received a loan of $860 000 at 8.75% compounded semi-annually to purchase machinery for the factory. Calculate the time period (in years and days) of the loan if the interest accumulated was $355 801.96.

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Business Mathematics In Canada

ISBN: 9781260065992

10th Edition

Authors: F. Ernest Jerome, Tracy Worswick

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Posted Date: Jul 06, 2020 10:30 PM

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Can you please explain me this question? Thanks! 1. Hewlett Plastics Inc. received a loan of $860

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Loan860000 interest amount35580196 total to be pai... View the full answer

Business Mathematics In Canada

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