Question
A loan of amount$29240 is to be repaid in payments that each consist of a principal repayment of$860 plus the interest on the previous outstanding
A loan of amount$29240 is to be repaid in payments that each consist of a principal repayment of$860 plus the interest on the previous outstanding balance. What is the total interest paid if the interest per payment period is 1.9%?
Note: Keep all decimals until the final answer. Round 2 decimal places.
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
