An amortized loan has 12 payments at the end of each month The first 8 payments are 800 each and the final 4 payments are 900 each Interest is at a nominal annual rate of 12 compounded monthly Find the initial loan amount An amortized loan has 12 payments at the end of each month The first 8 payme...

To find the initial loan amount of an amortized loan we need to calculate the present value of the f ...

An amortized loan has 12 payments at the end of each month. The first 8 payments...

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: Aug 17, 2023 05:50 AM

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Contemporary Business Mathematics with Canadian Applications

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