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Home Q & A Board Science-Related Homework Help Mathematics
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kuttin kuttin
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A year ago
A loan contract called for a payment after two years of $1500 plus interest (on this $1500 only) at 8% compounded quarterly, and a second payment after four years of $2500 plus interest (on this $2500) at 8% compounded quarterly. What would you pay to purchase the contract 18 months after the contract date if you require a return of 10.5% compounded semiannually?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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durandaldurandal
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A year ago
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