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A loan of 109,517.20 is being repaid with level annual payments of K at an annual effective interest rate of 5%. The principal repaid in
A loan of 109,517.20 is being repaid with level annual payments of K at an annual effective interest rate of 5%.
The principal repaid in the 20th payment is 61.
Determine K.
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Inside Company Valuation
Authors: Angelo Corelli
1st Edition
3319537822, 9783319537825
