Mathematics, 27.07.2021 15:10, jayp02
A variable rate demand loan showed an initial loan balance of
$12,000, payments of $5000 after 18 months, $4000 after 30 months,
and a final payment after five years. Interest was 11% compounded
semi-annually for the first two years and 12% compounded monthly
for the remaining time. What was the size of the final payment
Answers: 1
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A variable rate demand loan showed an initial loan balance of
$12,000, payments of $5000 after 18 m...
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