A debt of $600 was to be repaid in 15 months. If $705.25 was repaid, what was

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A debt of $600 was to be repaid in 15 months. If $705.25 was repaid, what was the nominal rate compounded monthly that was charged?

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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 03:52 AM

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A debt of $600 was to be repaid in 15 months. If $705.25 was repaid, what was

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PV 60000 FV 70525 n 15 C Y 12 70525 60000 1 i 15 i ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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