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A loan, amortized over 5 years, is repaid by making payments of $1,000 at the end of every month. If the interest rate is 5.50%
A loan, amortized over 5 years, is repaid by making payments of $1,000 at the end of every month. If the interest rate is 5.50% compounded semi-annually, what was the loan principal?
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Chemical Principles
Authors: Steven S. Zumdahl, Donald J. DeCoste
7th edition
978-1111580650
