Question
A person borrows $4650.00 with interest at 16% compounded quarterly for 4 years 7 months. If simple interest is used for part of an interest
A person borrows $4650.00 with interest at 16% compounded quarterly for 4 years 7 months. If simple interest is used for part of an interest conversion period, how much is required to pay off the debt at the end of 4 years 7 months?
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
