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In: Finance
Mary takes a loan for 5 years to be repaid by level end of year payments...
Mary takes a loan for 5 years to be repaid by level end of year payments of R. The interest paid in the third payment was 136.16 and the interest paid in the 5 th payment was 47.62. Please find the amount of principal paid in the fourth payment P4.
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jeff jeffy answered 7 months agoRelated Solutions
Reggie takes a loan for 5 years to be repaid by level end of year payments...
Reggie takes a loan for 5 years to be repaid by level end of
year payments of R. The interest paid in the third payment was
136.16 and the interest paid in the 5th payment was
47.62. Please find the amount of principal paid in the fourth
payment P4.
don't copy and paste
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Donald takes out a loan to be repaid with annual payments of
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A loan of €50,000 is being repaid with monthly level payments at the end of each...
A loan of €50,000 is being repaid with monthly level payments at
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A loan of €50,000 is being repaid with monthly level payments at the end of each...
A loan of €50,000 is being repaid with monthly level payments at
the end of each year for 6 years at 5% effective rate. Just after
making the payment of the second annuity, it is decided to change
the amortization method, the loan is being repaid with constant
annual principal repayments for the remaining 3 years at an
interest rate of 4.5%.
find the outstanding debt just after the payment of the third
annuity
A 10-year loan of 120,000 is to be repaid with payments at the end of each...
A 10-year loan of 120,000 is to be repaid with payments at the
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A loan of $5000 is repaid with annual payments at the end of each year of...
A loan of $5000 is repaid with annual payments at the end of
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a 30 year loan of 1000 is repaid with payments at the end of each year....
a 30 year loan of 1000 is repaid with payments at the end of
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Calculate X.
please explain, having much trouble with this problem,
Thanks!
A 30-year loan of 1,000 is repaid with payments at the end of each year. Each...
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each year. Each of the first ten payments equals the amount of
interest due. Each of the next ten payments equals 150% of the
amount of interst due. Each of the last ten payments is X. The
lender charges interest at an annual effective rate of 10%.
Calculate X.
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