Sandy borrowed 18428 R.O from a bank to buy a piece of land. If the bank charges 12(1/3)% compounded each two months, what amount will she have to pay after 2 years and half? Also find the interest paid by her.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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Sandy borrowed 18428 R.O from a bank to buy a piece of land. If the bank charges 12(1/3)% compounded
each two months, what amount will she have to pay after 2 years and half? Also find the interest paid by her.

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