Constant payment loan method

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Reference no: EM131617896

Calculate interest and principle for a $100,000 loan with the rate of 4% that has to be repaid over 6 years (from year 1 to year 6) using Constant Payment Loan method. Please include the required factors and equations.

Reference no: EM131617896

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Constant payment loan method : Calculate interest and principle for a $100,000 loan with the rate of 4% that has to be repaid over 6 years. using Constant Payment Loan method.

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