Bilal has a $55,000 loan that has an interest rate of 12% compounded quarterly. How long (in
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Bilal has a $55,000 loan that has an interest rate of 12% compounded quarterly. How long (in years and months) will it take him to clear the loan if he makes end-of-quarter payments of $10,000 each?
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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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