Question
Calculate the present value of a loan that could be cleared by payments of $3,300 at the end of every 6 months for 3
Calculate the present value of a loan that could be cleared by payments of $3,300 at the end of every 6 months for 3 years if money earns 7.08% compounded semi-annually. Round to the nearest cent
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Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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