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help! 4. A loan of $3000 is to be repaid with annual payments of $500, $800, and P, respectively at the end of the Ist,
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4. A loan of $3000 is to be repaid with annual payments of $500, $800, and P, respectively at the end of the Ist, 2nd, and 3rd year. The interest rate is 8% per annum. Construct an amortization schedule and determine P Step by Step Solution
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