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you obtain a loan for $50,000 which charges 1% per month for 30 years. How much of the 163rd payment would be interest? I know
you obtain a loan for $50,000 which charges 1% per month for 30 years. How much of the 163rd payment would be interest?
I know the final solution is supposed to be $439.81, but I am struggling to solve for the outstanding loan amount when the n value is not in the "Compount Interest Tables"
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