Bryan borrows 8 500 for 12 years at an annual effective interest rate of 8 He can repay this loan using the amortization method with payments of
Bryan borrows for years at an annual effective interest rate of He can repay this loan using the
Bryan borrows for years at an annual effective interest rate of He can
at an annual effective interest rate of He can repay this loan using the amortization method with payments of
Bryan borrows for years at an annual effective interest rate of
He can repay this loan using the amortization method with payments of
Bryan borrows for years at an annual effective interest
Bryan borrows for years
Bryan borrows 8,500 for 12 years at an annual effective interest rate of 8 %. He can repay this loan using the amortization method with payments of...

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Bryan borrows 8,500 for 12 years at an annual effective interest rate of 8%. He can repay this loan using the amortization method with payments of 1,800 at the end of each year.Instead, Bryan repays the 8,500 using a sinking fund that pays an annual effective interest rate of 12%. The deposits to the sinking fund are equal to 1,800 minus the interest on the loan and are made at the end of each year for 12 years. Determine the balance in the sinking fund immediately after repayment of the loan.