The first of 80 quarterly payments on a $50,000 loan at 6.4% compounded quarterly will be made

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The first of 80 quarterly payments on a $50,000 loan at 6.4% compounded quarterly will be made 30 months after the date the loan was granted. What will be the amount of each payment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:50 AM

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The first of 80 quarterly payments on a $50,000 loan at 6.4% compounded quarterly will be made

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Given n 80 PV 50000 j 64 m 4 i 644 16 Period of d...View the full answer

Business Mathematics In Canada

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