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ikrabbe ikrabbe
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6 years ago
A mortgage requires payments of $1000.00 at the end of every month for twenty-five years. If interest is 6% compounded semi-annually, calculate the principal of the loan.
A) $156 297.23
B) $155 206.86
C) $46 188.41
D) $300 000.00
E) $33 328.64
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Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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