You are an average American and currently have $38,000 in personal debt. Let's say that you...
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You are an average American and currently have $38,000 in personal debt. Let's say that you have made arrangements to repay this debt over 15 years at 4.8% APR compounded monthly. How much are your regular monthly payments? Always carry at least four decimal places throughout your analysis. Response should include 4 decimal places. Do not include percentage sign (for example, 12% would be entered as 0.1200). Do not include a dollar sign. Do not include comma (for example, 15,000 would be entered as 15000). (Trailing zeroes may disappear--do not worry about that) You are an average American and currently have $38,000 in personal debt. Let's say that you have made arrangements to repay this debt over 15 years at 4.8% APR compounded monthly. How much are your regular monthly payments? Always carry at least four decimal places throughout your analysis. Response should include 4 decimal places. Do not include percentage sign (for example, 12% would be entered as 0.1200). Do not include a dollar sign. Do not include comma (for example, 15,000 would be entered as 15000). (Trailing zeroes may disappear--do not worry about that)
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Related Book For
Business and Administrative Communication
ISBN: 978-0073403182
10th edition
Authors: Kitty o. locker, Donna s. kienzler
Posted Date:
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