Question
A loan is amortized at j 2 = 12% with semi-annual payments of R. The outstanding balance of the loan after 13 payments is $7049.29
A loan is amortized at j2 = 12% with semi-annual payments of R. The outstanding balance of the loan after 13 payments is $7049.29 and the outstanding balance after 14 payments is $6377.10. What is R?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
