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A debt of $50000 is amortized by payments of $9500 at the end of each month for as long as needed. What interest rate j
A debt of $50000 is amortized by payments of $9500 at the end of each month for as long as needed. What interest rate j12is being charged?
The answer above is NOT correct. (1 point) A debt of $50000 is amortized by payments of $9500 at the end of each month for as long as needed. What interest rate 712 is being charged? Payment Number Monthly Payment |Interest Payment |Principal Payment | Outstanding Balance 9500 208.33 9291.67 40708.33 N 9500 169.62 9330.38 31377.95 Step by Step Solution
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Survey Of Accounting
Authors: Thomas Edmonds, Philip Olds, Frances McNair, Bor-Yi Tsay
1st Edition
0073526770, 9780073526775
