Question
Mr. Morningstar borrowed today 280653 from a bank at a 2.9% APR, monthly compounded. Mr. Morningstar is going to pay this loan in constant monthly
Each monthly payment is 1001.74 euro.
What is the principal left to pay IMMEDIATELY BEFORE the 36th payment?
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
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