If $500 was paid every month to amortize a $16,850 student loan that was issued at 4.45%

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If $500 was paid every month to amortize a $16,850 student loan that was issued at 4.45% compounded daily, calculate the balance on the loan at the end of 2 years and 7 months and the size of the final payment.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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