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The loan was paid in full before its due date Obtain the value of h from the given table Then use the actuarial method to
The loan was paid in full before its due date Obtain the value of h from the given table Then use the actuarial method to find the amount of unearned interest and the payoff amount of unearned interest and the payoff amount. Regular monthly payment $476.07 APR 9 0% Remaining number of scheduled payments after payoff;18 The unearned interest is $
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
