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Xindu borrowed $5,000 fromhis parents to travel to Canada and study engineering. The interest on the ...

Trey4sho

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Xindu borrowed $5,000 fromhis parents to travel to Canada and study engineering. The interest on the ...

Xindu borrowed $5,000 fromhis parents to travel to Canada and study engineering. The interest on the loan was to be 1% compounded semiannually for the first three years, and 2% compounded monthly thereafter. If Xindu graduated and wished to pay back the full amount of the loan five years after he received it, how much was the final payment?

▸ $5,461.96

▸ $5,961.96

▸ $51631.96

▸ $5,361.96

▸ $5,316.96

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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WoodyNRex

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More solutions for this book are available here

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Trey4sho Author

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Thanks

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Good timing, thanks!

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