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danyyzz danyyzz
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10 months ago
Dr. Sawicki obtained a variable-rate loan of $10,000. The lender required payment of at least $2000 each year. After nine months the doctor paid $2500, and another nine months later she paid $3000. What amount was owed on the loan after 2 years if the interest rate was 6.6% compounded monthly for the first year, and 7% compounded quarterly for the second year?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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jp50jp50
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7 months ago Edited: 7 months ago, Sehajpreet
Help! The answer is missing an explanation...
Post Merge: 7 months ago

help! the answer is missing an explanation
Anonymous
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#3
7 months ago
Help! The answer is missing an explanation...
Anonymous
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#4
7 months ago
Hope this helps, msg me back otherwise!
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