You are planning on taking a loan for $61,000. You will repay the loan in annual payments over the next 11 years and the loan has a stated interest rate of 10%. For the very last payment on your loan, how much of this is repayment of principal?
You are planning on taking a loan for $61,000. You will repay the loan in annual payments over the next 11 years
and the loan has a stated interest rate of 10%. For the very last payment on your loan, how much of this is repayment of principal?
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