Question
Marisol must pay 73,000 within nine months and 104,300,000 within 14 months. What is the equivalent time if the interest rate is 1.25% monthly, compounded
Marisol must pay 73,000 within nine months and 104,300,000 within 14 months. What is the equivalent time if the interest rate is 1.25% monthly, compounded each month?
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Engineering economy
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