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You wished to start a new business and attended the Small Business Bank. You borrowed $10,000 for 4 years. For the first 1.5 years, the interest rate on the loan was 4.8% compounded monthly. Then the rate became 3.5% compounded semiannually. What total amount of interest was accrued in the last 2.5 years?
A loan of $9,000 at 6.5% compounded quarterly requires three payments of $2,000 at twelve twenty-four and thirty-six months after the date of the loan, and a final payment of the full balance after four years. What is the amount of the final payment?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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