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islandgurl islandgurl
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10 months ago
Duane borrowed $3000 from his grandmother five years ago. The interest on the loan was to be 5% compounded semiannually for the first three years, and 6% compounded monthly thereafter. If he made a $1000 payment 2½ years ago, what is the amount now owed on the loan?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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nnennennenne
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Anonymous
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2 months ago
Help! The answer is missing an explanation...
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2 months ago
Added my complete solution
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