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where did an interest of 4.77 come from? PV=834.92; PMT=37.5; FV=1000; n=32; >I=4.77, 4.77*2=9.54. where does the 4.77 come from ?

where did an interest of 4.77 come from?

PV=834.92; PMT=37.5; FV=1000; n=32; >I=4.77, 4.77*2=9.54. where does the 4.77 come from ?

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