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Solution : PV =$56,000 Npor = 10 X2 :20 rath = 4.15% 8.3% per = 16th payment (By pr Excell) [cate, per, Npor, Pr IPMT = IPMT = IPMT [4-15%, 16, 20, 56,000 $768.19 Interest payment on 16th 8:19 - payment $768 .:
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