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



Title: The Acme Parts Company is repaying a debt of $15 000.00 by payments of $1410.00 made at the end of ...
Post by: Hillier on Nov 27, 2017
The Acme Parts Company is repaying a debt of $15 000.00 by payments of $1410.00 made at the end of every three months. Interest is 7.2% compounded monthly.
a) How many payments are needed to repay the debt?
b) What is the size of the final payment?


Title: Re: The Acme Parts Company is repaying a debt of $15 000.00 by payments of $1410.00 made at the end ...
Post by: Supreme on Nov 27, 2017
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