Monthly payments on a student loan were set at $151.72, with the first payment to be deferred

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Monthly payments on a student loan were set at $151.72, with the first payment to be deferred for 6 months. How much was due to be paid immediately after the deferral period if interest was 6.6% compounded monthly?

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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 03:54 AM

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Monthly payments on a student loan were set at $151.72, with the first payment to be deferred

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Contemporary Business Mathematics with Canadian Applications

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