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Loan Amortization question The following loan requires equal payments at the end of each payment interval. The compounding period equals the payment interval. Round payments
Loan Amortization question The following loan requires equal payments at the end of each payment interval. The compounding period equals the payment interval. Round payments to the nearest cent. -Calculate the interest component of Payment 20. Original Principal (5) 30,000 Amortization period (years) Payment frequency Monthly Interest rate (%) 5.6% 10 Select one: a. 131.57 b. 128.46 c. none of them d. 122.70 e. 118.34 a
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