What is the balance on the loan after half of the payments

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Question - A 12-year loan requires month-end payments of $652.33 including interest at 9.7% compounded monthly. What is the balance on the loan after half of the payments have been made?

Reference no: EM132948770

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What is the balance on the loan after half of the payments : A 12-year loan requires month-end payments of $652.33 including interest at 9.7% compounded monthly. What is the balance on the loan after half of the payments
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