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ikrabbe ikrabbe
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6 years ago
A contract valued at $47 500.00 requires payments of $6951.00 every six months. The first payment is due in four years and interest is 6.6% compounded semi-annually.
a) How many payments are required?
b) What is the size of the last payment?
c) How much will be paid in total?
d) How much of what is paid is interest?
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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6 years ago
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ikrabbe Author
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6 years ago
this is exactly what I needed
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Yesterday
Thank you, thank you, thank you!
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2 hours ago
Correct Slight Smile TY
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