SOLUTION: A loan of $10000 is amortized by equal annual payments for 30 years at an effective annual interest rate of 10%. Determine the year in which the portion of the payment is most near
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Question 1206627: A loan of $10000 is amortized by equal annual payments for 30 years at an effective annual interest rate of 10%. Determine the year in which the portion of the payment is most nearly equal to one fourth of the payment Answer by ikleyn(52794) (Show Source):
