The interest rate on a $30,000 loan is 4.5% compounded monthly. What end-of-month payments are required to
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The interest rate on a $30,000 loan is 4.5% compounded monthly. What end-of-month payments are required to pay off the loan in eight years?
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The loan payments form an ordinary simple annu...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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