Find the amount borrowed for the loan described. (Round your answer to the nearest cent.) R...
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Find the amount borrowed for the loan described. (Round your answer to the nearest cent.) R = $1219.96, the interest rate is 5.8%, and the payments are made semiannually for 4 years. Find the amount borrowed for the loan described. (Round your answer to the nearest cent.) R = $1219.96, the interest rate is 5.8%, and the payments are made semiannually for 4 years.
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Find the amount borrowed for the loan The formula is PV R 1 1 rn r W... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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