AJ takes out a small business loan of 15500 dollars at a nominal rate of interest of 7.4 percent convertible quarterly. One year later, he repays 3500 dollars. Two years after that, the bank wants to sell AJ's loan to another institution. How much does AJ owe at that time?
Looks like you're getting an answer above!
not yet could u help me out,please
hey md, I believe you asked this twice and someone took a look at the other one.
I'm going to view that one now
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