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A $13,000 loan is to be amortized by equal monthly payments for five years. The interest rate is 12% compounded monthly. How much interest will
A $13,000 loan is to be amortized by equal monthly payments for five years. The interest rate is 12% compounded monthly. How much interest will the debtor pay in total over the five-year period?
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
