Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:For how long will Markus have to make payments of $179 at the end of every year to repay a loan of $2130 if interest
is 7% per annum compounded quarterly? State your answer in years and months (from 0 to 11 months).
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