The current balance on a loan is $3837.30. If the interest rate on the loan is 10%

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The current balance on a loan is $3837.30. If the interest rate on the loan is 10% compounded monthly, how long ago was the $2870 loan made?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:32 AM

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The current balance on a loan is $3837.30. If the interest rate on the loan is 10%

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Given PV 2870 FV 383730 j 10 m 12 Total duration ...View the full answer

Business Mathematics In Canada

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