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Home Q & A Board Science-Related Homework Help Mathematics
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lilricemunch lilricemunch
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10 months ago
The payments required on a contractual obligation are $800 per month. The contract was purchased for $9,250 just before a regular payment date. The purchaser determined this price based on a required rate of return of 4.3% compounded monthly. How many payments will be required, include the partial final payment?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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jojoliciouzjojoliciouz
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10 months ago
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lilricemunch Author
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10 months ago
Thanks
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Thanks for your help!!
zsc999
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