A debt of $14 000 is repaid by making payments of $1500. If interest is 9% compounded
Question:
(a) At the end of every six months?
(b) At the end of each year?
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a FV nc 14 00000 PMT 150000 i 075 n 122 6 p 10075 6 1 1045852 1 45852 1045852 n 0572046 n ln10458...View the full answer
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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