Niagara Vineyards borrowed $75 000 to update their bottling equipment. The business agreed to make payments of

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Niagara Vineyards borrowed $75 000 to update their bottling equipment. The business agreed to make payments of $6000 at the end of every three months. If interest is 7.31% compounded quarterly, how long will the company have to make the payments?

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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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Niagara Vineyards borrowed $75 000 to update their bottling equipment. The business agreed to make payments of

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Contemporary Business Mathematics with Canadian Applications

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