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sperry263 sperry263
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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?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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varelaj326varelaj326
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A year ago
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