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Chris just paid $1860.64 as the one and only lump-sum payment on a loan. The loan was originally $1240.71 and it earned 5.9% compounded quarterly.
Chris just paid $1860.64 as the one and only lump-sum payment on a loan. The loan was originally $1240.71 and it earned 5.9% compounded quarterly. How long after the borrowing date was the loan paid off? (give your answer in whole months)
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
