You take a 5000 loan with an interest rate of 10 and pay


You take a $5,000 loan with an interest rate of 10% and pay off a constant principal portion of $200 every year. Use the arithmetic progression.

Find the interest payment during the 17th year.

What is the total amount of interests for 20 years?

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Financial Econometrics: You take a 5000 loan with an interest rate of 10 and pay
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