A debt of $280,000 is amortized with 40 equal semiannual payments of $14,357.78. If interest is 8.2%

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A debt of $280,000 is amortized with 40 equal semiannual payments of $14,357.78. If interest is 8.2% compounded semiannually, find the unpaid balance of the debt after 25 payments have been made.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Oct 21, 2020 03:47 AM

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A debt of $280,000 is amortized with 40 equal semiannual payments of $14,357.78. If interest is 8.2%

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Mathematical Applications For The Management, Life And Social Sciences

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