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Compute the outstanding balance at the end of three years

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Question 1: 20.000 TL loan is being repaid by installments of 400 TL at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J12 = 12%, Compute the outstanding balance at the end of 3 years. (we can use just calculator, not any programs)

Reference no: EM132522850

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