A 21-year loan requires month-end payments of $667.33 including interest at 10.0% compounded monthly. What was the

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A 21-year loan requires month-end payments of $667.33 including interest at 10.0% compounded monthly.

What was the original amount of the loan?

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International Money and Finance

ISBN: 978-0123852472

8th edition

Authors: Michael Melvin, Stefan C. Norrbin

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Posted Date: Feb 10, 2021 12:15 AM

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A 21-year loan requires month-end payments of $667.33 including interest at 10.0% compounded monthly. What was the

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Recall the formula for Annuity P X where P oniginal amount x pa... View the full answer

International Money and Finance

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