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1 year ago

10

you hope to borrow $450,000 at 7% interest per annum compounded quarterly. You will repay the loan in one payment at the end of

3 years. calculate the amount of this loan payment.

1 answer:

Gnesinka [82]1 year ago

7 0

Answer: 94500

Step-by-step explanation:

450,000 x 0.07 x 3 (pXrXt)

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