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You agreed to make equal payments of 47,676 at the beginning of each months to discharge a debt due in 13 years. If money is
You agreed to make equal payments of 47,676 at the beginning of each months to discharge a debt due in 13 years. If money is worth 9.5 % compounded monthly, how much did you loan ? Round off answers to 2 decimal places.
You agreed to make equal payments of 47,676 at the beginning of each months to discharge a debt due in 13 years. If money is worth 9.5 % compounded monthly, how much did you loan ? Round off answers to 2 decimal placesStep by Step Solution
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