Romba, a smart money lender, offers personal loans at an interest rate of 8.16% compounded annually for

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Romba, a smart money lender, offers personal loans at an interest rate of 8.16% compounded annually for the first year and 8% compounded semi-annually thereafter. How much money did she lend Heidi three years ago, if Heidi owes her $45,450 today?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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Question Posted: Aug 30, 2024 09:05 AM

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Romba, a smart money lender, offers personal loans at an interest rate of 8.16% compounded annually for

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Mathematics Of Business And Finance

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