A loan of $54 000.00 is repaid by making payments of $3000.00 at the end of every three months. If ...

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A loan of $54 000.00 is repaid by making payments of $3000.00 at the end of every three months. If ...

A loan of $54 000.00 is repaid by making payments of $3000.00 at the end of every three months. If the interest is 9% compounded monthly, calculate how long the payments have to be made.

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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