Ruth agreed to make 36 monthly payments of $8,111.49 to pay off a personal loan requested from
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Question:
If the interest rate is 26.5% compounded each month, calculate the amount requested from the bank. Express your answer separating the thousands and with two decimal places.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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