Question
A loan is being repaid with level payments of K each made every 6 months. The outstanding balances at three consecutive payment dates are 5;190:72,
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A loan is being repaid with level payments of K each made every 6 months. The outstanding balances at three consecutive payment dates are 5;190:72, 5;084:68, and 4;973:66. Determine the payment amount K.
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
