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2.
3. The year 2012 is period 24
35.
¼
CUMIPMT(Interest_Rate/12, No_of_Years*12, New_Loan, 24, 35, 0) The
value is: $17,560.38.
4. $17,560.38
CUMPRINC(Interest_Rate/12, No_of_Years*12, New_Loan,
1, 60, 0) The principal paid: $123,654.92. The balance $176,345.08.
¼
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