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| rev | Admin | (Created page with "On January 1, 2010, Amil has the following options for repaying a loan. # Sixty monthly payments of 100 beginning February 1, 2010. # A single payment of 6000 at the end of K months. Interest is at a nominal rate of 12% compounded monthly. The two options have the same present value. Determine K. <ul class="mw-excansopts"><li>29</li><li>29.5</li><li>30</li><li>30.5</li><li>31</li></ul> '''References''' {{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtest...") | Nov 26'23 at 23:29 | +635 |