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Home Q & A Board Science-Related Homework Help Mathematics
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ia45122 ia45122
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A year ago
Semiannual payments are required on an $80,000 loan at 8.0% compounded annually. The loan has an amortization period of 15 years.


a) Calculate the interest component of Payment 5.
b) Calculate the principal component of Payment 17.
c) Calculate the interest paid in Year 1.
d) Calculate the interest paid in Year 14.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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firebug210firebug210
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A year ago
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ia45122 Author
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A year ago
Just got PERFECT on my quiz
shimyshiguy
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
vanna2014
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2 hours ago
Smart ... Thanks!
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