Isaac borrowed $3000 at 10.5% compounded quarterly 3 1/2 years ago. One year ago he made a

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Isaac borrowed $3000 at 10.5% compounded quarterly 3 1/2 years ago. One year ago he made a payment of $1200. What amount will extinguish the loan today?

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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 07:18 AM

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Isaac borrowed $3000 at 10.5% compounded quarterly 3 1/2 years ago. One year ago he made a

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Amount owed after the 12...View the full answer

Business Mathematics In Canada

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