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SAT, 27.11.2021 01:00 dedrell16

Abc company has just taken out a 1-year installment loan for $72,500 at a nominal rate of 20. 0% but with equal end-of-month payments. Calculate what percentage of the 2nd monthly payment will go toward the repayment of principal?.

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Abc company has just taken out a 1-year installment loan for $72,500 at a nominal rate of 20. 0% but...
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