Isaac borrowed $3000 at 4.5% compounded quarterly 3 1/2 years ago. One year ago he made a

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Isaac borrowed $3000 at 4.5% compounded quarterly 3 1/2 years ago. One year ago he made a payment of $1200. What amount will extinguish the loan today?

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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 05:44 AM

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Isaac borrowed $3000 at 4.5% compounded quarterly 3 1/2 years ago. One year ago he made a

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Amount owed before the 1200 payment 1 year ago 3000 101125 ...View the full answer

Fundamentals Of Business Mathematics In Canada

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