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You are considering taking out a loan of $5,000.00 that will be paid back over 12 years with every 2 months payments of $101.43.
You are considering taking out a loan of $5,000.00 that will be paid back over 12 years with every 2 months payments of $101.43. If the interest rate is 6.7% compounded every 2 months, what would the unpaid balance be immediately after the twelfth payment?
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Introduction To Management Science
Authors: Bernard W. Taylor
12th Edition
1292092912, 9781292092911
