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Business, 27.11.2019 21:31 keke1871

An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,480 is made, after which they cease. if interest is 4% effective, find the amount of principal in the fourteenth payment.

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An amortized loan is repaid with annual payments which start at $400 at the end of the first year an...
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