Practice

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"

Bp fUn=PrincPle,
=

X (1+i)

I 50/
=

n 3
=

years -1000 (1
x 0.05)
+

principle:$1000 1157.625
=

intereston 1157.63-1000
loan: 157.63
=
downpayment
PV (82,900 1.015)
=
+
1.13
x 94,023.95-5000
:

j (1 ije
=
+

1574.90
=

price:300,000 PV PMTxPV.
=

n 25
=

m =
12

APR:40%

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