Question
Interest of $6083.19 was charged on a student loan of $30,000 that was compounding semi-annually for three years. If the interest rate remains the same,
Interest of $6083.19 was charged on a student loan of $30,000 that was compounding semi-annually for three years. If the interest rate remains the same, how long will it take for the loan to accumulate additional interest of at least $6000
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Theoretical Foundations For Quantitative Finance
Authors: Luca Spadafora, Gennady P Berman
1st Edition
9813202475, 978-9813202474
