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A loan of 8 1 4 , 0 0 0 is to be repaid in 2 0 years by month - end repayments starting in
A loan of is to be repaid in years by monthend repayments starting in one month. The interest rate is pa compounded monthly. Calculate the principal paid in Year between the end of month and the end of month Correct your answer to the nearest cent without any units. Do not use $ or in your answer. egHint: you can use Excel to find the answer.
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