Rex had a loan of $40,000 and made payments of $3000 at the end of every three
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Rex had a loan of $40,000 and made payments of $3000 at the end of every three months to settle it. If he received the loan at 7.25% compounded quarterly, what was the balance on the loan at the end of two years?
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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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