Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 13 Oct 2017 My Price 5.00

agreed-upon annual interest rate

You have borrowed as follows:

 

The agreed-upon annual interest rate was 7.50% compounded semiannually. How much did you owe on July 1, 2010? You agreed to make the first of 15 monthly payments on October 1, 2010. Assume the interest rate was still 7.50% but was compounded monthly. How much was each of the 15 payments?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Oct 2017 12:10 PM My Price 5.00

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