You need to borrow $22,000 to purchase a new truck. The current loan rate is 7.7% compounded

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You need to borrow $22,000 to purchase a new truck. The current loan rate is 7.7% compounded monthly. You decide that you want to pay the loan off an equal monthly payments over four years. What is the size of your monthly payment

Posted Date: May 19, 2024 02:10 AM

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You need to borrow $22,000 to purchase a new truck. The current loan rate is 7.7% compounded

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