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April 19, 2014

Homework Help: math

Posted by Katelyn on Tuesday, December 11, 2012 at 10:11pm.

A $15,000 debt is to be amortized in 12 equal semiannual payments at 5.5% interest per half-year on the unpaid balance. Construct an amortization table to determine the unpaid balance after two payments have been made. Round values in the table to the nearest cent.

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