A loan is repaid by making payments of $6000.00 at the end of every six months for twelve years. If ...

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A loan is repaid by making payments of $6000.00 at the end of every six months for twelve years. If ...

A loan is repaid by making payments of $6000.00 at the end of every six months for twelve years. If interest on the loan is 8% compounded quarterly, what was the principal of the loan?

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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