Alex borrows $ 2 0 0 , 0 0 0 from the first commercial bank and the

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Alex borrows $

200, 000

from the first commercial bank and the annual interest rate is

12.99

percent which is compounded monthly for

10

years. Calculate Alex's monthly payment and the total amount required to pay off the loan.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 24, 2024 06:28 AM

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Alex borrows $ 2 0 0 , 0 0 0 from the first commercial bank and the

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Microeconomics An Intuitive Approach with Calculus

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