How much will be required on February 1 to pay off a $3000 loan advanced on the

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How much will be required on February 1 to pay off a $3000 loan advanced on the previous September 30 if the variable interest rate began the interval at 10.7%, rose to 11.2% effective November 2, and then dropped back to 11% effective January 1?

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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 08:01 AM

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How much will be required on February 1 to pay off a $3000 loan advanced on the previous September 30 if the variable interest rate began the interval at 10.7%, rose to 11.2% effective November 2,...
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How much will be required on February 1 to pay off a $3000 loan advanced on the

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Interval Number of days Int rate Interest Sept 30 ...View the full answer

Business Mathematics In Canada

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