Question
A loan of amount$13860 is to be repaid in payments that each consist of a principal repayment of$420 plus the interest on the previous outstanding
A loan of amount$13860 is to be repaid in payments that each consist of a principal repayment of$420 plus the interest on the previous outstanding balance. What is the total interest paid if the interest per payment period is 2.2%?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
