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A debt of $3248 with interest at 5.9% compounded annually is to be repaid by equal payments at the end of each year for 4

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A debt of $3248 with interest at 5.9% compounded annually is to be repaid by equal payments at the end of each year for 4 years. What is the balance remaining (BAL) after the first payment? Answer: A debt of $3248 with interest at 5.9% compounded annually is to be repaid by equal payments at the end of each year for 4 years. What is the principal repaid (PRN) in the first period

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