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PLEASE ANSWER ABC and D 9. Judith borrowed $10,000 from a trust company at 10% compounded monthly. She was to repay the loan with monthly
PLEASE ANSWER ABC and D
9. Judith borrowed $10,000 from a trust company at 10% compounded monthly. She was to repay the loan with monthly payments over 10 years. a. What is her monthly payment? b. What is her outstanding balance after 19th payment? c. What is the interest included in the 20th payment? d. What is the principal repaid in the 36th payment Step by Step Solution
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