Question
Elena repays a loan by annual equal payments of R made at the end of each year for 11 years. You are given: The total
Elena repays a loan by annual equal payments of R made at the end of each year for 11 years. You are given:
The total principal repaid by Elena in the first 4 years is 2898.89 and The total principal repaid by Elena in the last 4 years is 4968.19
a) Determine the interest rate paid during the life of the loan
b) Determine the amount R that Elena pays at the end of each year?
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Bitcoin Cash What You Need To Know About Bch
Authors: Alexander O. M.
1st Edition
1976721229, 978-1976721229
