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John Receive a 10,000 loan, with an interest rate of 6 %, for 6 years.

What is the interest amount paid on the 5th payment?
13 years ago

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Answered by Henry
I = $47.57. From a table in EXCEL spreadsheets.

13 years ago
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John Receive a 10,000 loan, with an interest rate of 6 %, for 6 years.

What is the interest amount paid on the 5th payment?

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