Mathematics, 12.08.2020 05:01 chloe456
A debt of $12,000 with interest at 5% compounded monthly is to be repaid by equal payments at the end of each year for three years and nine months. What is the term of repayment?
3.75 years
3.9 years
None
12 months
Answers: 3
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A debt of $12,000 with interest at 5% compounded monthly is to be repaid by equal payments at the en...
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