MA373 F11 Chapter 5 Homework

MA373 F11 Chapter 5 Homework - Chapter 5, Section 2 1. 2....

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Chapter 5, Section 2 1. A loan of 10000 is being repaid with annual payments of 1500 for 11 years. Calculate the amount of principal paid over the life of the loan. 2. A loan of 10000 is being repaid with annual payments of 1500 for 11 years. Calculate the amount of interest paid over the life of the loan. 3. A loan is being repaid with level annual payments based on an annual effective interest rate of 8%. If the amount of principal in the 10th payment is 100, calculate the amount of principal in the 5 th payment. 4. A loan is being repaid with level annual payments based on an annual effective interest rate of 8%. If the outstanding balance immediately after the 10 payment is 1000, calculate the amount of interest in the 11 th payment. 5. A loan is being repaid with level annual payments based on an annual effective interest rate of 8%. If the outstanding balance immediately before the 10 payment is 1000, calculate the amount of interest in the 10 th payment. 6.
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This note was uploaded on 02/26/2012 for the course MA 373 taught by Professor Staff during the Fall '08 term at Purdue University-West Lafayette.

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MA373 F11 Chapter 5 Homework - Chapter 5, Section 2 1. 2....

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