A loan of $ 3 2 , 0 0 0 at 6 % compounded annually is to

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A loan of $

32, 000

6 %

compounded annually is to be repaid by equal payments at the end of every month for three years. How much interest will be included in the

19

th payment?

272

81

83

92

Posted Date: May 19, 2024 04:00 AM

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A loan of $ 3 2 , 0 0 0 at 6 % compounded annually is to

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