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Dream weaver financed an expansion project by agreeing to make payments of $7000 at the end of every 3 months for the next 7 years.
Dream weaver financed an expansion project by agreeing to make payments of $7000 at the end of every 3 months for the next 7 years. At the time of purchase,money was worth 6.8% compounded annually. 1. Using prospective method, calculate the equivalent loan values. 2. Compute the interest paid and principal prepaid by 26th payment.
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