Question
MAA Textbooks : Mathematical Interest Theory (2nd Edition)MAA Textbooks : Mathematical Interest Theory (2nd Edition) A loan of $12,500 is made at an effective interest
MAA Textbooks : Mathematical Interest Theory (2nd Edition)MAA Textbooks : Mathematical Interest Theory (2nd Edition)
A loan of $12,500 is made at an effective interest rate of 8.5%. Payments are made at the end of each interest period. Each payment equals twice the interest due until the borrower pays off the outstanding debt with a final payment of, at most, $1,800. Find the number of payments n and the amount of the final payment.
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Design And Analysis Of Experiments
Authors: Douglas C., Montgomery
5th Edition
978-0471316497, 0471316490
