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Business, 06.04.2021 01:00 anaislewis8296

Travis purchased a soccer team and financed the purchase with a 15 year loan. Interest was charged at 6.00% per annum and payments were made on an annual basis with the first payment made one year after the loan was originated. Travis's principal payment in the 14th year was $73,309.19. How much interest was paid with the payment in the 4th year

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Travis purchased a soccer team and financed the purchase with a 15 year loan. Interest was charged a...
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