The quarterly payment on a 5 year loan at 6.8% compounded quarterly is $235.82 calculate the amount

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The quarterly payment on a 5 year loan at 6.8% compounded quarterly is $235.82 calculate the amount of the loan.

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Business Analytics Methods Models and Decisions

ISBN: 978-0321997821

2nd edition

Authors: James R. Evans

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Posted Date: Sep 19, 2020 07:00 PM

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The quarterly payment on a 5 year loan at 6.8% compounded quarterly is $235.82 calculate the amount

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ANSWER The sequence of payments constitutes a decreasing annuity with the ... View the full answer

Business Analytics Methods Models and Decisions

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