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Annuity Loan - Calculate the Monthly Payn Example: . Loan value = $25,000 Loan duration is 3 years (36 months) Bank will compound interest and
Annuity Loan - Calculate the Monthly Payn Example: . Loan value = $25,000 Loan duration is 3 years (36 months) Bank will compound interest and require payments monthly APR = 10% What monthly P&I payments will be required for this loan? Payment Present value x Amortizati Formula approach to solve: PMTN = PV X 1 1 (1 + i)N
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