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Home Q & A Board Science-Related Homework Help Mathematics
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shbensonjr shbensonjr
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A year ago
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?

▸ $978.68

▸ $993.68

▸ $973.68

▸ $923.68

▸ $913.68
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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lucypierce86lucypierce86
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A year ago
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shbensonjr Author
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A year ago
Thanks
avance37
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Yesterday
Good timing, thanks!
fxinternational
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2 hours ago
Brilliant ツ
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