A bank offers you a loan for $10,000 within 36% APR. You will make monthly payments with
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Question:
A bank offers you a loan for $10,000 within 36% APR. You will make monthly payments with a 2-year payment schedule. What is the monthly annuity payment under this schedule?
Expert Answer:
To calculate the monthly annuity payment for a loan with a 2year payment schedule and a 36 APR we ne... View the full answer
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