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A person amortizes a loan of $19000 for a car with a 5 years loan at the rate of 6% compounded monthly. Find the principal
A person amortizes a loan of $19000 for a car with a 5 years loan at the rate of 6% compounded monthly.
Find the principal remaining after 2 years.
The principal remaining is of $
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Multinational Financial Management
Authors: Alan C. Shapiro
7th Edition
0471395307, 9780471395300
