A loan L is repaid with annual payments of $500, $400,$300, and $200 at the end...

A loan L is repaid with annual payments of $500, $400,$300, and $200 at the end of each year using a sinking fund method. If the loan has 10%effective interest rate per year and the sinking fund has 8% effective interest our year, find L

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jeff jeffy answered 1 year ago

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