Question
Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $609.25 at the end of every six months over seven
Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $609.25 at the end of every six months over seven years. If interest is 3.9% compounded monthly, what was the original loan balance?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
