A couple borrowed $97,000 at 7.2% compounded monthly for 25 years to purchase a condominium. (a) Find
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A couple borrowed $97,000 at 7.2% compounded monthly for 25 years to purchase a condominium.
(a) Find their monthly payment.
(b) Over the 25 years, how much interest will they pay?
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
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