Given a $10K loan over 5 years with quarterly payments (end of term) and a 10.5% annual
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Given a $10K loan over 5 years with quarterly payments (end of term) and a 10.5% annual rate, calculate the amount of the 10th payment...
In the case of a constant-capital loan.
(a) 590.14 (b) 639.02 (c) 687.18 (d) 700
In the case of a constant-annuity loan whose annuities increase by 5% every year. (a) 647.88 (b) 670.11 (c) 695.13 (d) 747.13
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