A $65,000 loan, bearing interest at 8% compounded quarterly was repaid, after a period of deferral, by

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A $65,000 loan, bearing interest at 8% compounded quarterly was repaid, after a period of deferral, by quarterly payments of $3821.85 over 10 years. What was the time interval between the date of the loan and the first payment?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 04:47 AM

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A $65,000 loan, bearing interest at 8% compounded quarterly was repaid, after a period of deferral, by

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For the ordinary annuity PMT 382185 n 410 40 i 84 2 At a focal date ...View the full answer

Fundamentals Of Business Mathematics In Canada

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