SOLUTION: A loan of $ 10,000 is amortized by equal annual payments for 30
years at an effective annual interest rate of 5 %. Determine the
year in which the interest portion of the payment
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-> SOLUTION: A loan of $ 10,000 is amortized by equal annual payments for 30
years at an effective annual interest rate of 5 %. Determine the
year in which the interest portion of the payment
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Question 1206611: A loan of $ 10,000 is amortized by equal annual payments for 30
years at an effective annual interest rate of 5 %. Determine the
year in which the interest portion of the payment is most nearly
equal to one-half of the payment. Answer by ikleyn(52798) (Show Source):
