A debt of 25000 is to be amortized by making payments of
A debt of $25,000 is to be amortized by making payments of $1500 atthe end of each month. The interest rate is 12% compounded monthly.
a. What is the outstanding principal after the 12th payment?
b. What is the size of the final payment?
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a debt of 25000 is to be amortized by making payments of 1500 atthe end of each month the interest rate is 12
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