3-3 A $5000 loan was to be repaid with 8% simple annual interest. A total of $5350...

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3-3 A $5000 loan was to be repaid with 8% simple annual interest. A total of $5350 was paid. How long had the loan been outstanding? Problems 3-4 to 3-6 contributed by Hamed Kashani, Saeid Sadri, and Baabak Ashuri, Georgia Institute of Technology

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Engineering Economic Analysis

ISBN: 9780357419687

11th Edition

Authors: Donald Newnan, Ted Eschenbach, Jerome Lavelle

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Question Posted: Oct 26, 2024 07:01 AM

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3-3 A $5000 loan was to be repaid with 8% simple annual interest. A total of $5350 was paid. How long had the loan been outstanding? Problems 3-4 to 3-6 contributed by Hamed Kashani, Saeid Sadri, and...
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3-3 A $5000 loan was to be repaid with 8% simple annual interest. A total of $5350...

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Engineering Economic Analysis

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