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12000 TL loan is being repaid by installments of 300 TL at the end of each month for as long as necessary, plus a final
12000 TL loan is being repaid by installments of 300 TL at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J12 = 12%, find the outstanding balance at the end of 2 years.
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Personal Finance
Authors: Jeff Madura
4th Edition
0136117007, 9780136117001
