Question
A total of $41,000is borrowed and repaid with 60 monthly payments, with the first payment occurring 1 month after receipt of the $41,000. The stated
A total of $41,000is borrowed and repaid with 60 monthly payments, with the first payment occurring 1 month after receipt of the $41,000. The stated interest rate is4% compounded monthly. What monthly payment should be made?
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
