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Question

Calculate interest and principle for a $200,000 loan with therate of 6% that has to be repaid over 8 years (from year 1 to year8) using Constant Payment Loan method.

Solution

xxxx amount =$xxxxxxxxxxxxxx rate=6%

Period =x yxxxxxy xxxxx constant xxyxxxx loan xxxxxxxxyxxxx xxxxxx xxx every yxxx= $37000

Total xxxxxxxx xxx x years xx= $96000

Total xxxxxxxx xxx xxxxxxxxx amount=Interest +xxxxxxxxxxxxxx interest xxx xxxxxxxxx xxxxxx=$xxxxx+xxxxxxxxxxx interest xxx principal xxxxxx=$xxxxxx

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