a. Howlongwillittakemonthlypaymentsof$400torepaya$50,000loanifthe interest rate on the loan is 8% compounded semiannually? b. Howmuchwillthetimetorepaytheloanbereducedifthepaymentsare$40per month larger?
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b. Howmuchwillthetimetorepaytheloanbereducedifthepaymentsare$40per month larger?
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a The loan payments form an ordinary general annuity having The number of monthly ...View the full answer
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