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Given the following partial amortization table for a loan being repaid by level repayment of principle: Time k(t) I(t) PR(t) OB(t) 0 1 187.00 2,200.00
Given the following partial amortization table for a loan being repaid by level repayment of principle: Time k(t) I(t) PR(t) OB(t) 0 1 187.00 2,200.00 19,800.00 2 3 4 5 Compute the payment amount Kz. a. $2,960.50. O b. $2,349.60. O c. $2,373.10. O d. $2,796.02. O e. $2,725.54
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