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Exercise 5 A loan of $10000 is being repaid by instalments of $200 at the end of each month for as long as necessary. If
Exercise 5 A loan of $10000 is being repaid by instalments of $200 at the end of each month for as long as necessary. If interest is at j4=8%, determine the outstanding balance at the end of 1 year. 0
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Accounting
Authors: Michael J. Jones
2nd Edition
0470017791, 978-0470017791
