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Mathematics, 02.11.2019 06:31 james8781

Find a formula for the payment in year on a loan of 105000 dollars. interest is 5 percent per year, compounded annually, and payments are made at the end of each year for 10 years. each payment is 10500 dollars plus the interest on the amount of money outstanding.

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Find a formula for the payment in year on a loan of 105000 dollars. interest is 5 percent per year...
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