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Violet has a loan that requires her to make 27 semiannual payments of $1460. If the rate of interest on her loan is 9.8% compounded
Violet has a loan that requires her to make 27 semiannual payments of $1460. If the rate of interest on her loan is 9.8% compounded semi-annually, how much principal is paid off with her 22nd payment?
Answer: $
Answer: $
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
