Your company is planning to borrow some money on a 19 year, 8%, annual payment, fully amortized

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Your company is planning to borrow some money on a 19 year, 8%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the year 11 will represent the interest?(Note: retain at least four places of a decimal in your calculation)

Posted Date: May 18, 2024 11:03 PM

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Your company is planning to borrow some money on a 19 year, 8%, annual payment, fully amortized

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