Jane took out a 11-year loan for $87,686 from her local bank at an annual rate of

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Jane took out a 11-year loan for $87,686 from her local bank at an annual rate of 5.5%. If she plans to make monthly payments, how much will eachpayment be?

Round your answer to the nearest dollar.

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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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Posted Date: Apr 16, 2024 10:07 AM

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Jane took out a 11-year loan for $87,686 from her local bank at an annual rate of

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To calculate the monthly payment for Janes loan we can use the ... View the full answer

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