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Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it. If she received the loan at 4.82% compounded monthly, what was the balance of the loan at the end of two years? O $59,533.19 O $55,772.32 $156,340.13 O $51,996.33

Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it. If she received the loan at 4.82% compounded monthly, what was the balance of the loan at the end of two years? O $59,533.19 O $55,772.32 $156,340.13 O $51,996.33

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it. If she received the loan at 4.82% compounded monthly, what was the balance of the loan at the end of two years? O $59,533.19 O $55,772.32 $156,340.13 O $51,996.33
Transcribed Image Text:Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it. If she received the loan at 4.82% compounded monthly, what was the balance of the loan at the end of two years? O $59,533.19 O $55,772.32 $156,340.13 O $51,996.33
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