A loan's quirky terms require the first payment to be made at the moment the money...
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A loan's quirky terms require the first payment to be made at the moment the money is lent. Payments are $80 every month, the monthly interest rate is 0.39%, and the loan is paid off in equal payments over 9 years. How much money was borrowed? Answer and round to the nearest cent. A loan's quirky terms require the first payment to be made at the moment the money is lent. Payments are $80 every month, the monthly interest rate is 0.39%, and the loan is paid off in equal payments over 9 years. How much money was borrowed? Answer and round to the nearest cent.
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given data Payments 80 every month interest rate 039 month... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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