please answer without copy paste and with all work like explanation , computation, formula with steps need correct and complete answer for better understanding please answer in text The maturity value for a loan is $58301. The loan earned interest at a rate of 6.2%compounded quarterly for 5 years. How many times was the loan compounded (what is thenumber of compounding periods)?Answer:

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Description: please answer without copy paste and with all work like explanation , computation, formula with steps need correct and complete answer for better understanding please answer in text The maturity value for a loan is $58301. The loan earned interest a

In compounding there is interest on interest including interest on the amount of orginal amount of…

Answered: compounded quarterly for 5 years. How…

Business

Finance

compounded quarterly for 5 years. How many times was the loan compounded (what is the number of compounding periods)? Answer:

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 31P

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