In Problem find i (the rate per period) and n (the number of periods) for each loan

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In Problem find i (the rate per period) and n (the number of periods) for each loan at the given annual rate.

Monthly payments of $245.65 are made for 4 years to repay a loan at 7.2% compounded monthly.

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College Mathematics For Business Economics, Life Sciences, And Social Sciences

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Question Posted: Mar 21, 2022 01:14 AM

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In Problem find i (the rate per period) and n (the number of periods) for each loan

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i 7212 06 n 4 x 12 48 Explanations The annual rate of ...View the full answer

College Mathematics For Business Economics, Life Sciences, And Social Sciences

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