Chapter 03, Problem 011 CTL Concrete Testing Lab borrowed $40 000 for new equipment at...
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Chapter 03, Problem 011 CTL Concrete Testing Lab borrowed $40 000 for new equipment at 9% per year compounded quarterly t s to be paid back over 5 years n equal quarter payments. Click here to access the TVM Factor Table Calculator Your answer is correct. How much interest is in the 6th payment? Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is t5. SHOW ANSWER Your answer is correct. 1795 How much principal is in the 6th payment? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5. SHOW ANSWER Your answer is incorrect. Try again. 99807 What principal is owed immediately following the 6th payment? Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5
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