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No excel please A loan of $L is repaid over 10 years with level payments at the end of each year. The annual effective interest
No excel please
A loan of $L is repaid over 10 years with level payments at the end of each year. The annual effective interest rate is 6.5%. The principal portion of the 6th payment is $1,370.65. Find the total amount of interest paid on the loan. (A) 5237 (B) 5258 (C) 5279 (D) 5300 (E) 5321Step by Step Solution
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Acquisition Finance
Authors: Tom Speechley
2nd Edition
1780436599, 978-1780436593
