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Katie paid off his student loan in 5 years by making payments of $600 at the beginning of every month. The interest rate on his
Katie paid off his student loan in 5 years by making payments of $600 at the beginning of every month. The interest rate on his loan was 6.50% compounded monthly. a. Calculate the size of the original loan. Round to the nearest cent b. Calculate the amount of interest paid on the loan. Round to the nearest cent Step by Step Solution
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
