Tai consolidated her outstanding debt into a low-interest personal loan of $50,000 at a rate of 6%

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Tai consolidated her outstanding debt into a low-interest personal loan of $50,000 at a rate of 6% compounded monthly (j12) for a term of 10 years.

How much will she owe on her loan after 4 years of payments? When calculating he original payment, round it up to the next cent before proceeding to the balance calculation.

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jan 06, 2024 10:42 PM

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Tai consolidated her outstanding debt into a low-interest personal loan of $50,000 at a rate of 6%

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