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Eileen R Edwards borrowed $10,951 four months ago at a rate of 7.951% p.a. compounded weekly. Today she is repaying $3,000. She intends making a
Eileen R Edwards borrowed $10,951 four months ago at a rate of 7.951% p.a. compounded weekly. Today she is repaying $3,000. She intends making a payment 11 months from today. Eight months later (i.e. 19 months from today) she will pay $6,000 to settle her loan. a. How much will she pay 11 months from today? [10] b. Who is/was Eileen R Edwards? [0]
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