Loan of $8,500 compounded quarterly for 5 years at 4%
Question # 00003386
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Updated on: 11/10/2013 11:42 PM Due on: 11/11/2013
Loan of $8,500 compounded quarterly for 5 years at 4%. Effective rate of the loan?
One manufacture needs to calculate the net price of an order with a list price of $600 and a trade discount of 11 / 8 / 4. Use the net decimal equivalent to find net price.
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Rating:
/5
Solution: Loan of $8,500 compounded quarterly for 5 years at 4%