Question
Cristy borrowed $4,800 from a family friend 2 years ago at 7% compounded annually for the first year and 8% compounded semi-annually thereafter. She made
Cristy borrowed $4,800 from a family friend 2 years ago at 7% compounded annually
for the first year and 8% compounded semi-annually thereafter. She made a payment
1 years into the loan for $2,500. How much should Cristy pay today to clear her loan?
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Probability For Engineering, Mathematics, And Sciences
Authors: Chris P Tsokos, Susan V Crosson
1st Edition
1133708358, 9781133708353
