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A 100,000 loan is being paid off with year-end payments of 11,000 plus a smaller (drop) payment one year after the final regular payment. Given
A 100,000 loan is being paid off with year-end payments of 11,000 plus a smaller (drop) payment one year after the final regular payment. Given an interest rate of 3.5%, determine the number of full payments and the amount of the drop payment. a) Number of full payments: b) Amount of drop payment
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Concepts In Set Theory
Authors: Mofidul Islam
1st Edition
9353146232, 9789353146238
