Question
Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $679.35 at the end of every year over three years.
Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $679.35 at the end of every year over three years. If interest is 5.9% compounded semi-annually, what was the original loan balance?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
