You borrowed $3500.00 at 10.4% p.a. compounded monthly, and repaid $1000.00 after two years and $750.00 after

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You borrowed $3500.00 at 10.4% p.a. compounded monthly, and repaid $1000.00 after two years and $750.00 after four years. How much do you owe at the end of five years?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

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

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Question Posted: Nov 29, 2017 06:46 AM

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You borrowed $3500.00 at 10.4% p.a. compounded monthly, and repaid $1000.00 after two years and $750.00 after

Question:

Step by Step Answer:

After 2 years PV 3500 i 010412 n 24 FV 35001 010412 2...View the full answer

Contemporary Business Mathematics with Canadian Applications

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