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Your company has just taken out a 3-year installment loan for $10,494 at a nominal rate of 8%, with equal end-of-month payments. What is
Your company has just taken out a 3-year installment loan for $10,494 at a nominal rate of 8%, with equal end-of-month payments. What is your outstanding balance after your second payment is made (end of second month)? **Round your answer to the nearest three decimals if needed. Do not type the $ symbol. Blank Spreadsheet.xlsx
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MIS Essentials
Authors: David M. Kroenke
4th edition
978-0133546590, 133546594, 978-0133807479
