Question
Suppose you borrowed a certain amount of money 512 weeks ago at an annual interest rate of 3% with semiannual compounding (2 times per year).
Suppose you borrowed a certain amount of money 512 weeks ago at an annual interest rate of 3% with semiannual compounding (2 times per year). If you returned $13812 today, how much did you borrow? Round your answer to the nearest dollar.
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
