A debt of $8000 is to be amortized with 8 equal semiannual payments of $1288.29. If the

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A debt of $8000 is to be amortized with 8 equal semiannual payments of $1288.29. If the interest rate is 12%, compounded semiannually, find the unpaid balance immediately after the fifth payment.

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:42 AM

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