Question
lease of $8,100 had to be repaid with payments of $325 at the beginning of every quarter. The interest rate charged was 9.00% compounded quarterly.
lease of $8,100 had to be repaid with payments of $325 at the beginning of every quarter. The interest rate charged was 9.00% compounded quarterly.
a.How many payments are required to repay the debt?
It will takepayments.
Rounded up to the next payment
b.What is the size of the final payment?
Round to the nearest cent
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
