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please provide explanation. A loan is being repaid with level annual payments based on an annual effective interest rate of 8%. If the amount of
please provide explanation.
A loan is being repaid with level annual payments based on an annual effective interest rate of 8%. If the amount of principal repaid in the 15th payment is 749.63, calculate the amount of principal repaid in the 7th payment. (A) 375 (B) 405 (C) 437 (D) 472 (E) 510Step by Step Solution
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
