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Homework: Chapter 8 Homework HW Score: 44.85%, 6.73 of 15 pts 5 of 6 (3 complete) Score: 0 of 3 pts Problem 8-9 (algorithmic) Question

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Homework: Chapter 8 Homework HW Score: 44.85%, 6.73 of 15 pts 5 of 6 (3 complete) Score: 0 of 3 pts Problem 8-9 (algorithmic) Question Help Delos De Renegotiations Al Delos borrowed 80 million two years ago. The loan agreement, an amortizing loan, was for six years at 8 623% interest per annum. Delos has successfully completed two years of device, but now wishes to renegotiate the terms of the loan with the lender to reduce its annual payments What were los principal and interest payments under the original loan agreement? b. Ale to your device how much of the principal is still outstanding? che lo were restructured to extend another two years, what would be the annual payments-principal and interest? Is this a significant reduction from the original agreement's annual What were less anual principal and interest payments under the original loan agreement? Dale's annual payment under the original loan agreement is (Round to two decimal places) Enter your answer in the answer box and then click Check Answer parts remaining Car A Check ANSWER 0 e 6

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