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Consider a 3-year installment loan. The APR is 8%. Monthly loan payments are $850. In the 9th month, the beginning balance is $37,000. How much
Consider a 3-year installment loan. The APR is 8%. Monthly loan payments are $850. In the 9th month, the beginning balance is $37,000. How much of the $850 payment that month would reduce the principal of the loan
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
