A loan of 7000 is being repaid with interest at the end of, Financial Management

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A loan of 7000 is being repaid with interest at the end of

A loan of 7000 is being repaid with interest at the end of each year at an annual effective interest rate of 14%. The principal is being accumulated with 16 annual deposits in a sinking fund that pays 11% effective. Determine the net interest in year 12.

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Financial Management: A loan of 7000 is being repaid with interest at the end of

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Financial Management: A loan of 7000 is being repaid with interest at the end of

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