If the amount of principal repaid in the 15th payment is, Financial Management

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If the amount of principal repaid in the 15th payment is

Please provide explanation.

A loan is being repaid with level annual payments based on an annual effective interest rate of 8%.

If the amount of principal repaid in the 15th payment is 749.63, calculate the amount of principal repaid in the 7th payment.

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Financial Management: If the amount of principal repaid in the 15th payment is

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