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    Finite Mathematics for Business Economics
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    Exam 3: Mathematics of Finance
  5. Question
    Find the Payment Necessary to Amortize the Loan
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Find the Payment Necessary to Amortize the Loan

Question 29

Question 29

Multiple Choice

Find the payment necessary to amortize the loan:
-$2200; 12% compounded quarterly; 8 quarterly payments


A) $313.40
B) $442.87
C) $313.64
D) $282.23

Correct Answer:

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