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at an annual effective rate of interest i 2 find the av of a 22 year annuity immediate with annual payments such that the first payment is 150and each payment thereafter decreases by 5 possi 72044

at an annual effective rate of interest i 2 find the av of a 22 year annuity immediate with annual payments such that the first payment is 150and each payment thereafter decreases

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SOLVED: A loan of 1000 is repaid by an annuity-immediate with 11 annual payments of100 and a final balloon payment at the end of 12 years at an annual effective interest rate of 3.5%. Compute the outstanding loan balance after the 8th payment at an annual effective interest rate of 1%? (ANS:439)

SOLVED: A loan of 1000 is repaid by an annuity-immediate with 11 annual payments of100 and a final balloon payment at the end of 12 years at an annual effective interest rate of 3.5%. Compute the outstanding loan balance after the 8th payment at an annual effective interest rate of 1%? (ANS:439)

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