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April 20, 2015

Homework Help: college math

Posted by sasha on Wednesday, October 31, 2012 at 3:20pm.

a math student borrowed $9300.00 from his local bank at 7% compounded quarterly to pay for his studies. the loan is to be repaid by equal payments at the end of every quarter over a two year term.
a)construct the amortization schedule for the loan.
b)calculate the total interest.

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