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30,000 is borrowed at an annual effective interest rate of 5%. The loan is repaid by level annual end of year payments of 2000 with
30,000 is borrowed at an annual effective interest rate of 5%. The loan is repaid by level annual end of year payments of 2000 with a reduced final payment. Show the equation of value that gives the retrospective outstanding loan balance just after the 10th payment and calculate this balance. OLB 2 10,570.46 is borrowed at an annual interest rate of 10% convertible semiannually. The loan is repaid by level semi-annual payments of 750 for 12.5 years. Show the equation of value that gives the prospective outstanding loan balance just after the 10th payment and calculate this balance
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