A student borrows $52,200 at 7.2% compounded monthly. Find the monthly payment and total interest paid over

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A student borrows $52,200 at 7.2% compounded monthly. Find the monthly payment and total interest paid over a 20 year payment plan.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Jan 26, 2024 04:28 AM

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A student borrows $52,200 at 7.2% compounded monthly. Find the monthly payment and total interest paid over

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To calculate the monthly payment for a loan you can use the loan payment formula M Pr1 rn1 rn 1 Wher... View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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