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The answer is 0.45338 years after the loan is made. Please show me how to get the answer with BA2PLUS calculator, not by hand. (10)
The answer is 0.45338 years after the loan is made. Please show me how to get the answer with BA2PLUS calculator, not by hand.
(10) recommended for those with a BA II Plus calculator ] Dax borrows $300,000 and the loan is governed by compound interest at an annual effective interest rate of 4.75%. Dax agrees to repay the loan by ten equally spaced payments, the first four of which are for $25,000 and the next six of which are for $40,000. When should he make the first payment? (10) recommended for those with a BA II Plus calculator ] Dax borrows $300,000 and the loan is governed by compound interest at an annual effective interest rate of 4.75%. Dax agrees to repay the loan by ten equally spaced payments, the first four of which are for $25,000 and the next six of which are for $40,000. When should he make the first paymentStep by Step Solution
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