Howard-son Electric obtained a $90,000 loan at 9.75% compounded monthly. What size of semiannual payments will repay

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Howard-son Electric obtained a $90,000 loan at 9.75% compounded monthly. What size of semiannual payments will repay the loan in 10 years?

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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 07:47 AM

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Howard-son Electric obtained a $90,000 loan at 9.75% compounded monthly. What size of semiannual payments will repay

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The original loan equals the present value of the loan p...View the full answer

Business Mathematics In Canada

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