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Posted on Sep 10, 2024

If Adam took a $ 5 0 , 0 0 0 loan from a bank for an annual interest rate of 3 % for a

If Adam took a $

50, 000

loan from a bank for an annual interest rate of

3 %

for a period of

10

years, what is his monthly payment to the bank? Assume that he only pays at the end of the month.

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