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Business, 30.03.2020 19:02 officialrogerfp3gf2s

A loan is being repaid with level annual payments of $1,000. Calculate the outstanding balance of the loan if there are 12 payments left. The next payment will be paid one year from now and the effective annual interest rate is 5%.

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A loan is being repaid with level annual payments of $1,000. Calculate the outstanding balance of th...
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