A loan was repaid in seven years by end-of-month payments of $450. If interest was 12% compounded

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A loan was repaid in seven years by end-of-month payments of $450. If interest was 12% compounded monthly, how much interest was paid?

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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 loan was repaid in seven years by end-of-month payments of $450. If interest was 12% compounded monthly, how much interest was paid?
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A loan was repaid in seven years by end-of-month payments of $450. If interest was 12% compounded

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PMT 45000 i 10 n 84 Amount paid ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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