How many months will it take to pay off $6000 if payments of $727 are made at the end of every quarter at 6.2% p.a. compounded quarterly? Select one: a.3 years b.9 months c.27 months d.8.899071 months
How many months will it take to pay off $6000 if payments of $727 are made at the end of every quarter at 6.2% p.a. compounded quarterly? Select one: a.3 years b.9 months c.27 months d.8.899071 months
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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How many months will it take to pay off $6000 if payments of $727 are made at the end of every quarter at 6.2% p.a. compounded quarterly?
Select one:
a.3 years
b.9 months
c.27 months
d.8.899071 months
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