A loan of $ 1 0 , 0 0 0 is being repaid with annual payments over

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Question:

A loan of $

10, 000

is being repaid with annual payments over

10

years at

8 %

compound monthly. Find the interes paid and the capital payments in year

Please explain step by step

Posted Date: May 18, 2024 11:08 PM

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A loan of $ 1 0 , 0 0 0 is being repaid with annual payments over

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