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Author Question: Sean Paul borrowed $20 000.00 from his father to finance his new business. The loan agreement calls ... (Read 246 times)

Destiiny22

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Question 1

What sum of money can be withdrawn from a fund of $46 950.00 invested at 6.5% compounded semi-annually at the end of every three months for twelve years?

Question 2

Sean Paul borrowed $20 000.00 from his father to finance his new business. The loan agreement calls for equal payments at the end of each month for 10 years. The payments are deferred for 4 years and interest is 4.00% compounded semi-annually. What is the size of the monthly payments?


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Marked as best answer by Destiiny22 on Jun 6, 2019

234sdffa

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