Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at

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Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at the end of every three months over seven years. If interest is 7.3% compounded annually, what was the original loan balance?

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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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Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at

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PMT 92437 i 73 n 28 c 14 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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