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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 96
The Iberia Corporation purchased a new warehouse for $165,000. After a down payment of $45,600, the balance was paid in equal monthly payments, with no interest.
a. If the loan was paid off in 2 years, how much were the monthly payments?
b. If the loan was paid off in 5 years, how much less were the monthly payments?
a. If the loan was paid off in 2 years, how much were the monthly payments?
b. If the loan was paid off in 5 years, how much less were the monthly payments?
Explanation
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a) The Iberia corporation purchased a ne...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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