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Select your age as the amount of money (in kilo-dollars) you will borrow from the bank at a fixed interest rate of 5% per year with payback in 10 years. Derive the equations and program them to determine the monthly payment and the total amount of money you paid to the bank to retire the loan. Plot the time series showing the monthly loan and the cumulative payment to the bank.
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Thorsten
el 6 de Oct. de 2015
What have to tried to solve your homework, and where did you got stuck?
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