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no excel please A loan of $L is repaid over n years with level payments at the end of each year. The interest portion of
no excel please
A loan of $L is repaid over n years with level payments at the end of each year. The interest portion of the payment made at time n2 is equal to 0.5471 of the interest portion of the payment made at time n5 and is also equal to 0.2209 of the interest portion of the first payment. Find n. (A) 22 (B) 24 (C) 26 (D) 28 (E) 30Step by Step Solution
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Finance A Quantitative Introduction Volume 2
Authors: Piotr Staszkiewicz, Lucia Staszkiewicz
1st Edition
0128027975, 978-0128027974
