A borrower is repaying a $86000 loan at 10 3 year compounded monthly with monthly payments over 18 years Just after the 54th payment he has the loan refinanced at 8 3 year compounded monthly If the number of payments remains unchanged, what will be the new monthly payment A borrower is repaying a ...

New monthly payment 78713 Calculati ...

A borrower is repaying a $86000 loan at 10.3%/year compounded monthly with monthly payments over 18...

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Quantitative Methods for Business

ISBN: 978-0840062345

12th edition

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

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Posted Date: May 24, 2022 03:21 AM

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