The interest rate on a five-year, $100,000 loan is 4% compounded daily. Calculate the amount of interest
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The interest rate on a five-year, $100,000 loan is 4% compounded daily. Calculate the amount of interest saved if the loan was settled with month-end payments in three years instead of month-end payments in five years.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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