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A loan of amount $17820 is to be repaid in payments that each consist of a...
A loan of amount $17820 is to be repaid in payments that each consist of a principal repayment of $540 plus the interest on the previous outstanding balance. What is the total interest paid if the interest per payment period is 2.1%?
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jeff jeffy answered 2 years agoRelated Solutions
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A loan is being repaid with 20 payments of $ 1,000 at the end of each...
A loan is being repaid with 20 payments of $ 1,000 at the end of
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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 loan of amount L is to be repaid by n(n > 1) payments, starting one...
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A 30-year loan of 1,000 is repaid with payments at the end of
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interest due. Each of the next ten payments equals 150% of the
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Calculate X.
A 30-year loan of 1100 is repaid with payments at the end of each year. Each...
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a. 57
b. 65
c. 77
d. 82
e. 46
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
each year. Each of the first 10 payments equals the amount of
interest due. Each of the next 10 payments equals 150% of the
amount of interest due. Each of the last 10 payments is X. The
lender charges interest at an effective annual rate of 10%.
Calculate X.
please explain, having much trouble with this problem,
Thanks!
A $1000 loan is being repaid with level payments at the end of each year for...
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year. Create a sinking fund table for this payment plan. Include a
column for the period, interest paid that period, sinking fund
deposit that period, interest earned in the sinking fund that
period and the balance in the sinking fund at...
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