A year ago, Aisha loaned $12,000 to Chang at the rate of 4% compounded quarterly. Chang was
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A year ago, Aisha loaned $12,000 to Chang at the rate of 4% compounded quarterly. Chang was required to repay this amount in three equal yearly installments, with payments starting from the end of the first year. How much interest did Aisha earn from this transaction?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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