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A loan of $9,000 is repaid by payments of $569 at the end of every three months. Interest is 3% compounded quarterly. How many payments
A loan of $9,000 is repaid by payments of $569 at the end of every three months. Interest is 3% compounded quarterly.
- How many payments are required to repay the debt?
- What is the size of the final payment?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
2nd Edition
0072318252, 9780072318258
