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| rev | Admin | (Created page with "'''Solution: E''' Payment= 960 +340=1300 Principal repaid grows by 1.04 with every payment. Principal in 14th payment is: 340(1.04)<sup>8</sup>= 465.31 Interest Paid: 1300 – 465.31= 834.69 {{cite web |url=https://digitalcommons.calpoly.edu/cgi/viewcontent.cgi?article=1008&context=statsp |last=Hardiek |first=Aaron |date=June 2010 |website=digitalcommons.calpoly.edu | title = Study Questions for Actuarial Exam 2/FM| access-date=November 20, 2023}}") | Nov 22'23 at 9:32 | +459 |