Question: 29. A. $______ & B. $_____ ( Round to nearest dollar ) You can earn a market rate of 6%. A. What is the monthly

29. A. $______ & B. $_____ (Round to nearest dollar) You can earn a market rate of 6%.

A. What is the monthly payment amount necessary to save $25,000 by the end of 5 years?

B. If you borrow $25,000 today what is the amount of the monthly payment to pay it off in 5 years?

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