|
Title: $7500 was borrowed for a four-year term at 9% compounded quarterly. The terms of the loan allow ... Post by: jdot on Jun 4, 2023 $7500 was borrowed for a four-year term at 9% compounded quarterly. The terms of the loan allow prepayment of the loan based on discounting the loan's maturity value at 7% compounded quarterly. How long (to the nearest day) before the maturity date was the loan prepaid if the payout amount was $9380.24? For the purpose of determining the number of days in a partial calendar quarter, assume that a full quarter has 91 days.
Title: Re: $7500 was borrowed for a four-year term at 9% compounded quarterly. The terms of the loan allow ... Post by: rick32 on Jun 4, 2023 Content hidden
Title: BFSF: $7500 was borrowed for a four-year term at 9% compounded quarterly. The terms of the loan allow ... Post by: Dasha Semernya on Nov 25, 2023 Help! The answer is missing an explanation...
Title: Re: $7500 was borrowed for a four-year term at 9% compounded quarterly. The terms of the loan allow ... Post by: rick32 on Nov 25, 2023 Does that help?
|