Question
Juan borrowed $4700 from the bank in order to buy a new piano. He will pay it off by equal payments at the end of
Juan borrowed $4700 from the bank in order to buy a new piano. He will pay it off by equal payments at the end of each week for 3 years. The annual interest rate is 6.7%. Determine the size of payments, and the total interest paid. Express your answers rounded to the nearest cent!
Payments: $
Total interest: $
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Restructuring And Innovation In Banking
Authors: Claudio Scardovi
1st Edition
331940203X, 978-3319402031
