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wberry8 wberry8
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A year ago
Helen and Morley borrowed $20,000 from Helen's father to make a down payment on a house. The interest rate on the loan is 8% compounded annually, but no payments are required for two years. The first monthly payment of $300 is due on the second anniversary of the loan. How long after the date of the original loan will the last payment be made? Round up the number of payments.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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bolusmachinebolusmachine
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A year ago
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wberry8 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This calls for a celebration Person Raising Both Hands in Celebration
Fleury
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This site is awesome
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