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How much must be paid on the due date of Oct 20, 2020, on a loan of 80,000 made on December 5, 2015 with interest of 44.5% compounded quarterly? 

 Mar 14, 2022
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THAT is a REALLY high interest rate !           This is  16  + 3 + 1/3 + 1/6   = 19.5   'quarters'        interest per quarter = .445 / 4

 

80 000 ( 1 + .445/4)(19.5)

 Mar 14, 2022

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