Question
Chris borrowed $20,000 for 15 years at 7.2 percent compounded quarterly. What will the ending balance be after Chris has made three years of payments?
Chris borrowed $20,000 for 15 years at 7.2 percent compounded quarterly.
What will the ending balance be after Chris has made three years of payments?
$17,508.83
$17,961.92
$17,276.15
$17,737.39
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Operations Management Creating Value Along the Supply Chain
Authors: Roberta S. Russell, Bernard W. Taylor
7th Edition
9781118139523, 0470525908, 1118139526, 978-0470525906
