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Business, 03.12.2021 21:10 ann6083

Fatiha takes out a loan of $6000, which she repays by the amortization method at a nominal rate of 9.6% compounded monthly. Fatiha makes level monthly payments at the end of each month for 4 years. Find the amount of principal repaid in her 37th payment.

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Fatiha takes out a loan of $6000, which she repays by the amortization method at a nominal rate of 9...
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