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show work not excel thanks use formula instead of chart Question 4 You are given the following information about a loan: Effective rate of interest

show work not excel thanks
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Question 4 You are given the following information about a loan: Effective rate of interest is 4% Loan repaid with 20 annual year-end payment of 11,037 Balance at the end of the 4th year is 128,606 Find the amount of principal repaid in the 15th annual installment. Principal repaid in the 15th payment

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