If Dave had borrowed the $500 for one year at an APR of 5%, compounded monthly, what
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Monthly interest rate 005 12 0004167 PMT 500 1 1 1004167 ...View the full answer
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Personal Finance
ISBN: 978-1259453144
6th Canadian edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
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