Simranjit had a loan of $40000 and made a payment of $3000 at the end of every 3 months to settle it. if he is
Simranjit had a loan of $40000 and made a payment of $3000 at the end of every 3 months to settle it. if he is charged 7.25% interest compounded quarterly. What is the balance on the loan at the end of 1 year? round your answer to the nearest hundredth.
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Authors: Christopher Bleibtreu, Ulrike Stefani
1st Edition
1680839004, 978-1680839005
