Question
The interest portion of the 9th payment of $R on an amortized loan repaid monthly is $8.42. The interest portion of the 10th payment of
The interest portion of the 9th payment of $R on an amortized loan repaid monthly is $8.42. The interest portion of the 10th payment of $R is $7.77. If interest rate is j12 = 18%. What is R? A. $35.72 B. $12.03 C. $60.30 D. $51.75
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
