Question 4 4 pts Which expression best calculates your monthly payment for a $10,000 conventional loan...
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Question 4 4 pts Which expression best calculates your monthly payment for a $10,000 conventional loan that you borrowed from a bank that charges an annual interest rate of 4% for 5 years? 10000 10000 10000 0.04 12 0.045-12 +) 1- 1+ 12 0.04 1-(1+0.04) -5 0.04 -5-12 1-(1+0.04) -5-12 1-(1+0.04) 12 10000 0.04 12 Question 4 4 pts Which expression best calculates your monthly payment for a $10,000 conventional loan that you borrowed from a bank that charges an annual interest rate of 4% for 5 years? 10000 10000 10000 0.04 12 0.045-12 +) 1- 1+ 12 0.04 1-(1+0.04) -5 0.04 -5-12 1-(1+0.04) -5-12 1-(1+0.04) 12 10000 0.04 12
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