A debt of $24 000 is repaid by quarterly payments of $1100. If interest is 6% com-

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A debt of $24 000 is repaid by quarterly payments of $1100. If interest is 6% com- pounded quarterly, what is the size of the final payment?

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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: Sep 21, 2024 05:20 AM

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A debt of $24 000 is repaid by quarterly payments of $1100. If interest is 6% com- pounded quarterly, what is the size of the final payment?
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A debt of $24 000 is repaid by quarterly payments of $1100. If interest is 6% com-

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PV n 24 00000 PMT 110000 i 15 21818182 1 1015 n 0015 0327273 1 1015 n 1015 n 0672727 n1...View the full answer

Contemporary Business Mathematics with Canadian Applications

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