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Business, 08.04.2020 02:27 mwilliams457
Larry is repaying a loan with payments of $2,500 at the end of every two years. If the amount of interest in the fourth installment is $2,458, find the amount of principal in the seventh installment. Assume an annual effective interest rate of 13%.
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Larry is repaying a loan with payments of $2,500 at the end of every two years. If the amount of int...
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