Question: 4 . 2 A loan is being repaid by 1 0 equal annual payments of N $ 4 0 0 . Suppose the effective annual

4.2 A loan is being repaid by 10 equal annual payments of N$400. Suppose the effective annual interest rate is 12%. Find the loan outstanding immedlately after the payment at the end of year six
4.2 A loan is being repaid by 10 equal annual payments

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