Suppose that, in Plan 1 of Table 4-1, $8,500 of the original unpaid balance is to be

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Suppose that, in Plan 1 of Table 4-1, $8,500 of the original unpaid balance is to be repaid at the end of months two and four only. How much total interest would have been paid by the end of month four?
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Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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