Yara took a loan of $2600 for 180 days at 11% p.a. How much more or less

Question:

Yara took a loan of $2600 for 180 days at 11% p.a. How much more or less money would be required to pay off the loan if the interest rate was 1.2% p.m. instead of 11% p.a.?

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

Question Posted: