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Exam1 Solution - (60 months 5(P/A 0.75 60 = 48.174 – 1...

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ulations. nks that you approached gave you the following information for repayment of the loan: ar for 5 years, starting at the end of the first year (5 payments in total). month, for 5 years, starting at the end of the first month (60 payments in total). , (P/A, 9%, 5) = 3.890 payments are required) use monthly compounding
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Unformatted text preview: (60 months) 5%, (P/A, 0.75%, 60) = 48.174 – 1 elow: on at EOY 0 to solve for X. Use factors only in the equation. ors (from tables or formulas) and write them below the equation. (P/A,g=4%, 6%,5)](P/F, 6%,5) + 500(A/F,6%,3) (P/A,6%,12)(P/F,6%,11) 4.5423 .7473 .3141 8.384 .5268 678.89 + 693.64 26.62 = 14,627...
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