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ou are considering taking out a loan of $11,000.00 that will be paid back over 11 years with every 2 months payments of $211.92. If the interest rate is 4.5% compounded every 2 months, what would the unpaid balance be immediately after the fourteenth payment?

User Emanuelle
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1 Answer

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Answer: I think it’s 8033.12

User Mike Bonds
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