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Can someone help me please? Sunny borrows X for 20 years at a nominal rate of 12% convertible monthly, to be repaid with equal payments
Can someone help me please?
Sunny borrows X for 20 years at a nominal rate of 12% convertible monthly, to be repaid with equal payments at the end of each month. The outstanding balance immediately after the 10th payment is 297,000. How much did Sunny borrow? 658,660 487,854 315,467 330,500 300,175Step by Step Solution
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