Business, 10.04.2020 16:31 david6835

A loan is repaid with 20 increasing annual installments of 1,2,3, . . . ,45. The payments begin one year after the loan is made. Find the principal contained in the 28th payment, if the annual interest rate is 3%

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A loan is repaid with 20 increasing annual installments of 1,2,3, . . . ,45. The payments begin one...

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