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Chase has taken out a loan for server equipment for his business totaling $18,500. The loan will be repaid by making end of quarter
Chase has taken out a loan for server equipment for his business totaling $18,500. The loan will be repaid by making end of quarter payments of $835.16 for the next 6 years. If interest is 2.6% compounded monthly, find the balance on the loan at the end of the 4th year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 4th year: $
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Heres how to find the balance on the loan at the end of the 4th year 1 Calculate the number ...
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
