) You borrowed money from bank A today and promise to repay $8,000 in 3 years. The bank charges interest at 4.2% p.a. co
Posted: Tue Jan 18, 2022 1:01 pm
) You borrowed money from bank A today and promise to repay
$8,000 in 3 years. The bank charges interest at 4.2% p.a.
compounded quarterly for the first year and 4.8% p.a. compounded
monthly thereafter. How much money did you borrow? Round your
answer to the nearest cent. (3 marks)
$8,000 in 3 years. The bank charges interest at 4.2% p.a.
compounded quarterly for the first year and 4.8% p.a. compounded
monthly thereafter. How much money did you borrow? Round your
answer to the nearest cent. (3 marks)