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John borrows $8,000 that is to be paid back over 15 hears with level monthly payments at the end of each month. The interest charged
John borrows $8,000 that is to be paid back over 15 hears with level monthly payments at the end of each month. The interest charged on loan js at nominal rate of 12% compounded monthly. What is the outstanding balance of the loan immediately after his 60 payment?
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
