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Example 2 . 1 7 Creating a Graduated ( divided into regular stages ) Loan Repayment with a Linear Gradient Series; Given P , A
Example Creating a Graduated divided into regular stages
Loan Repayment with a Linear Gradient Series; Given P A N and i Find: G
You borrowed $ from a local bank, with the agreement that you will pay back the loan according to a graduated payment plan. If your first payment is set at $ what would the remaining payment look like at a borrowing rate of over five years?
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