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Jacques has just been notified that the combined principal and interest on an amount he borrowed 19 months ago at 8.5% interest compounded monthly is
Jacques has just been notified that the combined principal and interest on an amount he borrowed 19 months ago at 8.5% interest compounded monthly is now $2297.78 and must be repaid now that the loan contract is complete a. What was the amount of the original loan? b. If someone purchased the loan contract after 9 months to yield interest at 7.9% compounded quarterly, what was the purchase price of the loan contract? E = % ? Jacques has just been notified that the combined principal and interest on an amount he borrowed 19 months ago at 8.5% interest compounded monthly is now $2297.78 and must be repaid now that the loan contract is complete a. What was the amount of the original loan? b. If someone purchased the loan contract after 9 months to yield interest at 7.9% compounded quarterly, what was the purchase price of the loan contract? E = %
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Forecasting And Predictive Analytics With Forecast X
Authors: Barry Keating, J. Holton Wilson, John Solutions Inc.
7th International Edition
1260085236, 9781260085235
