Isaac borrowed $4000 at 11.5% compounded quarterly 2.5 years ago. One year ago he made a payment

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Isaac borrowed $4000 at 11.5% compounded quarterly 2.5 years ago. One year ago he made a payment of $1100. What amount will extinguish the loan today?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Posted Date: Jul 15, 2022 08:35 AM

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Isaac borrowed $4000 at 11.5% compounded quarterly 2.5 years ago. One year ago he made a payment

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Fundamentals Of Business Mathematics In Canada

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