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Science-Related Homework Help Mathematics Topic started by: majarm on Nov 27, 2017



Title: If a loan was repaid by quarterly payments of $715.00 over 7 years at 8.36% compounded quarterly, ...
Post by: majarm on Nov 27, 2017
If a loan was repaid by quarterly payments of $715.00 over 7 years at 8.36% compounded quarterly, how much money had been borrowed?


Title: Re: If a loan was repaid by quarterly payments of $715.00 over 7 years at 8.36% compounded ...
Post by: rmaccara on Nov 27, 2017
PVn = 715.00   = 715.00(21.0352112) = $15 040.18