Having finally entered the working world, Troy took out an $831,000 loan at 2.69% interest compounded quarterly.

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Having finally entered the working world, Troy took out an $831,000 loan at 2.69% interest compounded quarterly. His loan was repaid with $2,000,000. For how many years was the loan taken out?

a. 32.76 years b. 32.69 years c. 131.04 years d. 393.11 years

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Supply Chain Focused Manufacturing Planning and Control

ISBN: 978-1133586715

1st edition

Authors: W. C. Benton

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Posted Date: Aug 17, 2022 10:41 AM

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Having finally entered the working world, Troy took out an $831,000 loan at 2.69% interest compounded quarterly.

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Supply Chain Focused Manufacturing Planning and Control

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