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Problem 1. A loan of $10,000 at a fixed annual effective interest is being repaid by level annual payments. The outstanding balance immediately after the
Problem 1. A loan of $10,000 at a fixed annual effective interest is being repaid by level annual payments. The outstanding balance immediately after the 9th payment is $6,665.29 and the outstanding balance immediately after the 18th payment is $1492.11. Determine the outstanding balance immediately after the 19th payment. Problem 1. A loan of $10,000 at a fixed annual effective interest is being repaid by level annual payments. The outstanding balance immediately after the 9th payment is $6,665.29 and the outstanding balance immediately after the 18th payment is $1492.11. Determine the outstanding balance immediately after the 19th payment
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