A loan amount in total of 10,000 USD is being repaid by installments of 50 USD at

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A loan amount in total of 10,000 USD is being repaid by installments of 50 USD at every month-end, for as long as necessary PLUS a final smaller payment. If interest is J12=12%, what is the outstanding balance at the end of 4 years?

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 12, 2023 03:42 AM

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A loan amount in total of 10,000 USD is being repaid by installments of 50 USD at

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First we need to calculate the number of installments paid in 4 years As there are 12 months in a ye... View the full answer

Income Tax Fundamentals 2013

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