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A loan of 15,298 is to be repaid in level payments over the course of 52 months at a monthly interest rate of 0.013. What
A loan of 15,298 is to be repaid in level payments over the course of 52 months at a monthly interest rate of 0.013. What is the principal repaid in the final payment of the loan if payments are made at the end of each month?
Round result to two decimal places.
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
111919167X, 9781119191674
