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A 21-year loan requires month-end payments of $667.33 including interest at 10.0% compounded monthly. What was the original amount of the loan?
A 21-year loan requires month-end payments of $667.33 including interest at 10.0% compounded monthly.
What was the original amount of the loan?
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Recall the formula for Annuity P X where P oniginal amount x pa...
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
