Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
r
3
e
3
New Topic  
sperry263 sperry263
wrote...
Posts: 150
Rep: 0 0
A year ago
You wished to start a new business and attended the Small Business Bank. You borrowed $10,000 for 4 years. For the first 1.5 years, the interest rate on the loan was 4.8% compounded monthly. Then the rate became 3.5% compounded semiannually. What total amount of interest was accrued in the last 2.5 years?
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 45 times
1 Reply
Replies
Answer verified by a subject expert
varelaj326varelaj326
wrote...
Posts: 141
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

sperry263 Author
wrote...

A year ago
Correct Slight Smile TY
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1220 People Browsing
Related Images
  
 308
  
 4489
  
 81
Your Opinion
Do you believe in global warming?
Votes: 488