Mathematics, 09.09.2020 14:01, amandavelez12122005
A $10,000 loan is to be repaid with 7 equal half-yearly instalments, the first repayment being in
6 months from today. Interest is at 7%p. a. compounding half-yearly. Calculate the principal
repaid in the fourth instalment.
(use excel)
Answers: 2
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A $10,000 loan is to be repaid with 7 equal half-yearly instalments, the first repayment being in...
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