Question
Create and solve the equation Peggy took out a personal loan for $30,000, with an annual interest rate of 2% to invest in her business.
Create and solve the equation
Peggy took out a personal loan for $30,000, with an annual interest rate of 2% to invest in her business. She has six years to pay back the loan. During the first year, Peggy made
$10,000 to pay on her loan. How much in monthly payments would Peggy need to meet her deadline?
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Managerial Accounting
Authors: Harold M. Sollenberger, Arnold Schneider, Lane K. Anderson
9th Edition
0538842822, 978-0538842822
