Question
A loan of $15,000 is compounded monthly at 4.5% and is to be paid off with monthly payments for 3 years. find the monthly payment
A loan of $15,000 is compounded monthly at 4.5% and is to be paid off with monthly payments for 3 years.
find the monthly payment PMT.
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Step: 1
For a loan compounded monthly with a principal amount P of 15000 an ...
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
