Question: Please help me to get to this answer! I cannot have the same solution as this! Thanks! (l. A loan of $10 III} is tn

Please help me to get to this answer! I cannot have the same solution as this! Thanks!

(l. A loan of $10 III} is tn be repaid by mmthly payments of $401], the rst payment due in one year' s time. If ju = 12%, determine the number of regular monthly payments needed and the size of the nal smaller payment. Solution 32: $345.53

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