Question
Lori has taken out a 37-year loan that is to be repaid in equal annual payments. The amount of interest paid in the 6th payment
Lori has taken out a 37-year loan that is to be repaid in equal annual payments. The amount of interest paid in the 6th payment is 3000. The amount of interest paid in the 22th payment is 1500. Compute the annual payment.
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
