How soon would the loan be paid off if the borrower made a single additional payment of
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How soon would the loan be paid off if the borrower made a single additional payment of $33,000 to reduce principal at the end of the fifth year?
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First calculate balance after 5 years 36060 300 PVA PMT PVFA 5300 PVA 89932 155207 ...View the full answer
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