Melia received a $30,000 loan at an interest rate of 9.5% compounded monthly to renovate her basement.
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Melia received a $30,000 loan at an interest rate of 9.5% compounded monthly to renovate her basement. What is the size of the month-end payment required to clear the loan in six years?
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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