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A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 12.5%
A loan of $245,000 is to be repaid in equal quarterly payments over a period of 6 years. If the interest rate is 12.5% compounded quarterly, what is the amount of unpaid principal at the beginning of the fifth year? a. $102,383 b. $53,721 c. $101,474 d. $54,338 o. 1117,297
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Separation process principles
Authors: J. D. Seader
2nd Edition
471464805, 978-0471464808
