Page 1 of 1
Gabriel has taken out a loan for server equipment for his business totaling $15,500. The loan will be repaid by making e
Posted: Fri Jul 01, 2022 7:51 am
by answerhappygod
- Gabriel Has Taken Out A Loan For Server Equipment For His Business Totaling 15 500 The Loan Will Be Repaid By Making E 1 (28.65 KiB) Viewed 33 times
Gabriel has taken out a loan for server equipment for his business totaling $15,500. The loan will be repaid by making end of quarter payments of $413.09 for the next 12 years. If interest is 4.2% compounded monthly, find the balance on the loan at the end of the 3rd year? Enter a POSITIVE VALUE, rounded to two decimal places. Balance at the end of the 3rd year: $