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A debt of $1476 with interest at 8.8% compounded annually is to be repaid by equal payments at the end of each year for 4
A debt of $1476 with interest at 8.8% compounded annually is to be repaid by equal
payments at the end of each year for 4 years.
A) What is the remaining balance (BAL) after the third payment?
B) what is the principal repaid (PRN) in the third payment?
C) what is the interest paid (INT) in the third payment?
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Inefficient Markets An Introduction To Behavioral Finance
Authors: Andrei Shleifer
1st Edition
0198292279, 978-0198292272
