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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 170
Solve the application problem. Round to the nearest cent.
ALLIGATOR HUNTING Cajun Jack needs $45,000 in 4 years for boats used to hunt alligators. (a) Find the amount of each payment if payments are made at the end of each quarter with interest at 6% compounded quarterly. ____________ (b) Find the total amount of interest earned. ____________
ALLIGATOR HUNTING Cajun Jack needs $45,000 in 4 years for boats used to hunt alligators. (a) Find the amount of each payment if payments are made at the end of each quarter with interest at 6% compounded quarterly. ____________ (b) Find the total amount of interest earned. ____________
Explanation
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The following table is given, 
There are...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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