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Assume that you can get a loan from NCB for $264,500 for three years to buy an item of your choosing. The loan must be
Assume that you can get a loan from NCB for $264,500 for three years to buy an item of your choosing. The loan must be repaid in 36 equal monthly payments. The annual interest rate on the loan is 12 percent of the unpaid balance. How large are the monthly payments?
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Holding The Fort
Authors: Mr. Robert L. Kelly
1st Edition
0999200003, 978-0999200001
