November 25, 2015

Homework Help: math

Posted by martin sostre on Monday, November 29, 2010 at 9:04pm.

yhank you very much for solving the question i asked yesterday:the two parners in a business, one partner mortgaged business property to his co-partner for $15,000 at 12% interest. no payments were ever made for 17 yearsyour answer was "assuming the interest is compounded yearly"the money owedis: A=$15000*1.12^17=$102,990.61. but if the interest is not compounded how much is owed ?

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