Jenna is repaying a 120-month loan with interest compounded monthly at 12%. Calculate the payment in which the absolute value of the difference between the interest paid and the principal
repaid is minimized.
ANS 51st payment
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Jenna is repaying a 120-month loan with interest compounded monthly at 12%. Calculate the payment in which the absolute value of the difference between the interest paid and the principal
repaid is minimized.
ANS 51st payment
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