ANSWERS TO REVIEW QUESTIONS

A loan of 10,000 is being repaid with annual payments of 1500 for n years. The total principal paid in the first payment is 685.58. Calculate the interest rate on the loan. A loan of 10,000 is being repaid with annual payments over 10 years at 8% compound monthly. Calculate the amortization table for this loan. Chapter 6, Section 4 ................
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