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Interest rate 8% per year compounded annually

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Reference no: EM13326866

Given the following information, if the loan is paid by a uniform annual payment scheme, determine the value of A, B, and C.

loan principle= 10,000

interest rate 8% per year compounded annually

duration of loan= 3 years

EOY: 1 2 3

Interest paid: 800 553.60 B=?

Principle Payment: A=? 3326.40 C=?

Reference no: EM13326866

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