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6. Julia wants to pay off her $23 000 loan early. It is due in 4 years. A creditor is willing to discount the
6. Julia wants to pay off her $23 000 loan early. It is due in 4 years. A creditor is willing to discount the loan at 3.25%, compounded monthly. How much would the creditor be willing to accept today to pay off the loan? [A3]
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
