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Can this question be answered using a financial calculator? A loan of $10,000 is taken out today to be repaid with three equivalent payments due
Can this question be answered using a financial calculator?
A loan of $10,000 is taken out today to be repaid with three equivalent payments due as follows, Today: $10,000 Payment due Find the size of the payments 18 months= $? 3 years= $? 5 years= $? 6% interest rate compounded monthly.
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