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Mariam borrows RM67,000 from you today and agrees to repay RM183,229 with a 9 percent annual interest rate. Estimate how long it will take Mariam to fulfill her pledge. (There is no need for interpolation) Answer O n= 13 - 14 O n= 11- 12 O n= 15 - 16 O n= 17 - 18

Mariam borrows RM67,000 from you today and agrees to repay RM183,229 with a 9 percent annual interest rate. Estimate how long it will take Mariam to fulfill her pledge. (There is no need for interpolation) Answer O n= 13 - 14 O n= 11- 12 O n= 15 - 16 O n= 17 - 18

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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# 23 Mariam borrows RM67,000 from you today and agrees to repay RM183,229 with a 9 percent annual interest rate. Estimate how long it will take Mariam to fulfil her pledge. (There is no need for interpolation) Answer O n= 13- 14 O n= 11- 12 O n= 15 - 16 O n= 17 - 18
Transcribed Image Text:# 23 Mariam borrows RM67,000 from you today and agrees to repay RM183,229 with a 9 percent annual interest rate. Estimate how long it will take Mariam to fulfil her pledge. (There is no need for interpolation) Answer O n= 13- 14 O n= 11- 12 O n= 15 - 16 O n= 17 - 18
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