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majarm majarm
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6 years ago
What is the size of the final unequal payment of a loan for $2723.44 if it has quarterly payments of $500? The interest rate is 8.4% compounded quarterly.
A) $432.14
B) $423.14
C) $441.14
D) $414.14
E) $424.14
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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