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Hillier Hillier
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6 years ago
The Acme Parts Company is repaying a debt of $15 000.00 by payments of $1410.00 made at the end of every three months. Interest is 7.2% compounded monthly.
a) How many payments are needed to repay the debt?
b) What is the size of the final payment?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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#1
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6 years ago
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Hillier Author
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6 years ago
Good timing, thanks!
byehoe
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Yesterday
Thank you, thank you, thank you!
DAGINC
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2 hours ago
You make an excellent tutor!
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