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Q1- Longcore Technologies has to settle a business loan of $60,000, which has an interest rate of 13% compounded semi-annually. The settlement will consist of
Q1- Longcore Technologies has to settle a business loan of $60,000, which has an interest rate of 13% compounded semi-annually. The settlement will consist of semi-annual payments of $12,000 (with the first payment being made six months from now). How many payments will it take to settle the loan?
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Creating A Classroom Community Of Young Scientists A Journey Beyond Normality
Authors: Jeffrey W Bloom, Marc G Genton
2nd Edition
1135437270, 9781135437275
