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Five years ago Nirdosh borrowed $1,500 at 6.5% compounded semi-annually. The interest rate changed to 5% compounded monthly one and a half year ago. What
Five years ago Nirdosh borrowed $1,500 at 6.5% compounded semi-annually. The interest rate changed to 5% compounded monthly one and a half year ago. What amount of money today is required to pay off the loan?
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
