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Loan of $8,500 compounded quarterly for 5 years at 4%

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Question;Loan of $8,500 compounded quarterly for 5 years at 4%. Effective rate of the loan? One manufacture needs to calculate the net price of an order with a list price of $600 and a trade discount of 11 / 8 / 4. Use the net decimal equivalent to find net price.

 

Paper#51313 | Written in 18-Jul-2015

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