How long will it take for monthly payments interest rate on the loan is: a. 7.5% compounded

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How long will it take for monthly payments interest rate on the loan is:
a. 7.5% compounded annually?
b. 7.5% compounded semiannually?
c. 7.5% compounded quarterly?
d. 7.5% compounded monthly?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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How long will it take for monthly payments interest rate on the loan is: a. 7.5% compounded

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Given PV 100000 PMT 740 a j 75 m 1 i 75 c 112 0083 The loanrequires 282 monthly pa...View the full answer

Business Mathematics In Canada

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