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A loan of L is being amortized with payments at the end of each year for 10 years. If v5 = 2/3, find the following
A loan of L is being amortized with payments at the end of each year for 10 years. If v5 = 2/3, find the following :
a) The amount of principal repaid in the first 5 payments.
b) The amount due at the end of 10 years, if the final 5 payments are not made as scheduled.
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