doesitmatter6791 doesitmatter6791

19-03-2024
Mathematics

contestada

A debt of $18000 with interest at 8.4% compounded quarterly is to be repaid by equal payments at the end of every three months for two years. Calculate the size of the monthly payments, total amount p.
a) $807.59
b) $850.20
c) $900.30
d) $950.45

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