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You borrow $100,000 at 14.5% compounded monthly over 30 years (payable monthly). Calculate the principal remaining after (i) the 1st payment and (ii) the 150th
You borrow $100,000 at 14.5% compounded monthly over 30 years (payable monthly). Calculate the principal remaining after (i) the 1st payment and (ii) the 150th payment has been made.
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