2 A loan is being amortized by means of level monthly payments at an annual effective interest rate of 10 The amount of principal repaid in payment number 27 is 1,300 and the amount of principal repaid in payment t is 3,921 11 Calculate t Hint when take the ratio of the principal repays, you will ...

Heres how to calculate the payment number t where the principal repaid is 392111 1 Define variables P Original loan amount unknown r Monthly interest ...

2. A loan is being amortized by means of level monthly payments at an annual effective...

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Engineering Economic Analysis

ISBN: 9780195168075

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