Vinny borrowed $29,000 for 10 years at 11.6 percent compounded quarterly. What will the ending balance be after Vinny has made three years of payments? O $24,510.72 O $23,448.34 $22,893,94 O $23,987.13
Vinny borrowed $29,000 for 10 years at 11.6 percent compounded quarterly. What will the ending balance be after Vinny has made three years of payments? O $24,510.72 O $23,448.34 $22,893,94 O $23,987.13
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 10PROB
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