Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Ulusoy received an investment loan of TL 1,000,000 with a maturity of 5 years and a 30% interest rate from Finansbank for the rest facility to be established.
a) What is the amount to be paid if the debt is paid at once at the end of the term?
b) What would be the amount of the debt at the end of the maturity if the interests were calculated every 3 months?
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