To repay a loan of $35 000, Airial Company pays out $6000 at the end of each

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To repay a loan of $35 000, Airial Company pays out $6000 at the end of each year. If interest on the loan is 8% compounded quarterly, how many payments will it take to repay the loan?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:00 AM

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To repay a loan of $35 000, Airial Company pays out $6000 at the end of each

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PV 35 00000 PMT 600000 i 80 4 2 c 41 4 p 102 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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