Mathematics, 01.01.2021 19:20 FlayMaster101
A student borrows money to pay for university tuition He borrows 500 at the end of each month for five years. No payments are made to repay the loan until the end of six years. The loan accumulates interest at a 4.8% nominal interest rate convertible monthly for the first three years and at a 6.5% nominal Interest rate convertible monthly for the following two years. Calculate the loan balance at the end of four years immediately following the receipt of the final 1000 a) 34,513 b) 34,771 c) 34,796 d) 34,856 e) 34,942
Answers: 3
Mathematics, 21.06.2019 17:30, rjsimpson73
Ined this is due tomorrow and i dont know the answer can you find all the exponents
Answers: 1
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