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QUESTION
I am trying to solve a multiple part question but am confused with how the answer key calculated: payments per period and interest cost. The answer...
I am trying to solve a multiple part question but am confused with how the answer key calculated: payments per period and interest cost. The answer in my professors answer guide is 4417.94 and 1,169,502.36 respectively for the payments per period and interest cost. The question from our previous homework is shown below.
