Question: - 10/1 Points DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Rounding in the calculation of monthly interest rates is discouraged. Such rounding

- 10/1 Points DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here for long term loans, the differences may be pronounced Use this Monthly Payments for Long Term Loans Rule of Thumb to estimate the monthly payment on a fan of $250,000 at an APR over a period of 28 years The monthly payment is at least 1537 X

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