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Home Q & A Board Science-Related Homework Help Mathematics
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booboo123 booboo123
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10 months ago
The interest rate on a $100,000 loan is 7.5% compounded quarterly.


a) What quarterly payments will reduce the balance to $75,000 after five years?
b) If the same payments continue, what will be the balance 10 years after the date that the loan was received?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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bamboofactorbamboofactor
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10 months ago
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booboo123 Author
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10 months ago
Smart ... Thanks!
SlimyPencil
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Yesterday
this is exactly what I needed
gma_of_7
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2 hours ago
Brilliant ツ
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