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Hello i need help solving or help understanding this financial math question, Thank you! A 20 year loan is repaid by a decreasing annuity of
Hello i need help solving or help understanding this financial math question, Thank you! A 20 year loan is repaid by a decreasing annuity of 20, 19, 18, 17, ...., 3, 2, 1, and payments are made at the end of each year. The annual effective interest rate is 7%. Determine the row of an amortization table associated with the 11th payment.
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