|
Title: You borrow $4750 at a rate of 6.72% compounded monthly. You make a partial payment of $1400 in 3 ... Post by: Lada on Nov 26, 2017 You borrow $4750 at a rate of 6.72% compounded monthly. You make a partial payment of $1400 in 3 months. You also agree to make two equal payments 3 and 5 months after the partial payment. What is the size of the equal payments? Use a focal date of 8 months.
A) $1573.84 B) $1754.02 C) $1735.84 D) $1784.35 E) $1788.02 Title: Re: You borrow $4750 at a rate of 6.72% compounded monthly. You make a partial payment of $1400 in 3 ... Post by: Axy on Nov 26, 2017 Content hidden
Title: Re: You borrow $4750 at a rate of 6.72% compounded monthly. You make a partial payment of $1400 in 3 Post by: bio_man on Mar 9, 2023 Actually, it looks like option (c) is also wrong. It was probably written incorrectly by the post author. The 35 should be 53.
|