Question: gives steps and final answer 7B. (7 points) A couple wants to start a business which needs a capital of $180,000. They decided to approach

gives steps and final answer

7B. (7 points) A couple wants to start a business which needs a capital of $180,000. They decided to approach PNC bank who offered to provide the needed capital at 7% compounded monthly for 15 years. How much should the couple pay monthly if they want to clear the loan in 15 years

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