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Given the following information if the loan is paid by a

Given the following information, if the loan is paid by a uniform annual payment scheme, determine the value of A, B, and C.

loan principle= 10,000

interest rate 8% per year compounded annually

duration of loan= 3 years

EOY: 1 2 3

Interest paid: 800 553.60 B=?

Principle Payment: A=? 3326.40 C=?

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Macroeconomics: Given the following information if the loan is paid by a

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: Given the following information if the loan is paid by a

Reference No:- TGS0665533

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Macroeconomics: Given the following information if the loan is paid by a

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