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A Debt of $23 900

Question 118

Essay

A debt of $23 900.00 is repaid by making payments of $3617.00 at the beginning of every six months deferred for three years. If interest is 9.6% compounded monthly, for how long will payments have to be made?

Correct Answer:

verifed

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p = blured image - 1 = 0.0489703
blured image blured image (due)
...

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