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Determine the balance using commercial rule

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Reference no: EM132659481

Commercial Rule and the Unpaid Balances Rule

Question 1: A debt of 6000 will be canceled in 24 semesters with an interest of 11%, if payments are made in semesters 8, 16 and 20 of 1100 respectively. Determine the balance.

Reference no: EM132659481

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