Question
Jack borrows $12,000 to be repaid in 3 equal year-end amounts over 3 years. If the interest rate is 14.2% per annum compounded quarterly, Jacks
Jack borrows $12,000 to be repaid in 3 equal year-end amounts over 3 years. If the interest rate is 14.2% per annum compounded quarterly, Jacks annual repayment is (rounded to nearest dollar; dont include the $ sign or commas):
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
