Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
This topic contains 1 attachment.
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Lada Lada
wrote...
Go to Answer
Posts: 357
Rep: 0 0
6 years ago
You borrow $4750 at a rate of 6.72% compounded monthly. You make a partial payment of $1400 in 3 months. You also agree to make two equal payments 3 and 5 months after the partial payment. What is the size of the equal payments? Use a focal date of 8 months.
A) $1573.84
B) $1754.02
C) $1735.84
D) $1784.35
E) $1788.02
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 140 times
2 Replies
Replies
Answer verified by a subject expert
AxyAxy
wrote...
#1
Posts: 349
Rep: 153 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

wrote...
#2
Educator
A year ago
Actually, it looks like option (c) is also wrong. It was probably written incorrectly by the post author. The 35 should be 53.
 Attached file 
Thumbnail(s):
You must login or register to gain access to this attachment.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  918 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 3533
  
 4425
  
 2596
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: Who's your favorite biologist?