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Home Q & A Board Science-Related Homework Help Mathematics
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Kiyaa Kiyaa
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A year ago
You borrowed $50,000 from your parents to make a down payment on a new boat. The interest rate on the loan is 9.75% compounded annually, but no payments are required for two years. The first monthly payment of $800 is due on the second anniversary of the loan. How long after the date of the original loan will the last payment be made?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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jaymasterjaymaster
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A year ago
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Kiyaa Author
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A year ago
Thanks
wyq2651
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Yesterday
Helped a lot
jbag1237
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2 hours ago
Correct Slight Smile TY
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