What amount should she pay if she decides to settle it
Problem
Scott is expected to settle a loan on April 5th, 2018 by paying $6,500. What amount should she pay if she decides to settle it on May 22nd, 2017 instead? The interest rate is 4.61% compounded quarterly.
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Scott is expected to settle a loan on April 5th, 2018 by paying $6,500. What amount should she pay if she decides to settle it on May 22nd, 2017 instead?
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