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Trey4sho Trey4sho
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10 months ago
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
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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WoodyNRexWoodyNRex
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10 months ago
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