A 10000 loan is to be repaid at the rate of 200 per month


A $10,000 loan is to be repaid at the rate of $200 per month, with an annual effective interest rate of 19.56% charged against the unpaid balance. What principal remains to be paid after the third payment?

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Financial Management: A 10000 loan is to be repaid at the rate of 200 per month
Reference No:- TGS01242891

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