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(Solved): Calculate the principal and interest portions of the specified payment for this ordinary annuity, ...
Calculate the principal and interest portions of the specified payment for this ordinary annuity, and give the balance remaining after that payment. For full marks your answer should be rounded to the nearest cent. Official Time: 21:53:33
Expert Answer
SOLUTION:- Step1:- Hence we will use APR =3.01125% to calculate the Semi annual pay,ment Step2:- Given data Loan Amount PV