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Hillier Hillier
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6 years ago
An installment contract for the purchase of a car requires payments of $570.60 at the end of each month for the next three years. Suppose interest is 11.8% p.a. compounded monthly.
a) What is the amount financed?
b) How much is the interest cost?
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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AxyAxy
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