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I need calculations Question 7 0/1 pts Questions 7 and 8 are based on the following information: You have just borrowed $100.000 from a bank
I need calculations
Question 7 0/1 pts Questions 7 and 8 are based on the following information: You have just borrowed $100.000 from a bank for a ten-year period. You will be making quarterly payments on this loan and the interest rate on the loan is 8% per annum with interest compounded quarterly The principal balance outstanding at the end of the 12th quarter is closest to Correct Answer 577.795 You Answered $78.338 Your answer is incorrect. Read the question carefully, noting the loan amount involved and the method use to calculate the interest on this loan 505.790 Step by Step Solution
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