Hansco borrowed $9200 paying interest at 11% compounded annually. If the loan is repaid by payments of

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Hansco borrowed $9200 paying interest at 11% compounded annually. If the loan is repaid by payments of $2000 made at the end of each year, construct an amortization schedule showing the total paid and the total interest paid.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:09 AM

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Hansco borrowed $9200 paying interest at 11% compounded annually. If the loan is repaid by payments of

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PV n 920000 PMT 200000 i 11 Payment number 0 1 4 56 6 7 Total Amount ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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