Interest I, Shakira Wishes To Barrow 8230,000 Eroun A Bank To Buy A House. The But It Is Compounded Monthly. She Wants To Know What Ber Monthly Payment 4.8% Per Year In Order To Pay Off The Loan In 20 Ywars. (It Is NOT 230000 Divicded By The Tora Words, It Is Not 230000+300. Such A Caleuintion Ignoren The And It Loan.) You Are Required To Belp Her Figure

Such a caleuintion ignoren the and it loan.) You are required to belp her figure this out. The method to follow is to: () ine the value of the loan 25 years from now, (i) Determine the total value of the

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To calculate Shakiras monthly payment for a loan compounded monthly we can use the formula ... View the full answer