Question
Fred borrowed money 18 months ago at 12% compounded semi-annually. He now owes a total of $5,450. How much of this is interest?
Fred borrowed money 18 months ago at 12% compounded semi-annually. He now owes a total of $5,450. How much of this is interest?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
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