Order the answer to: The monthly payments on a five-year loan at 7.5% compounded

Academic Help business-corporate-finance Order the answer to: The monthly payments on a five-year loan at 7.5% compounded

business-corporate-finance

Order the answer to: The monthly payments on a five-year loan at 7.5% compounded

Question The monthly payments on a five-year loan at 7.5% compounded monthly are $200.38.
a. What was the original amount of the loan?
b. What is the balance after the thirtieth payment?
Subject business-corporate-finance
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