Question
Imagine a loan of $420,000. The loan is to be repaid in six years (i.e., last payment at the end of month 72). If
Imagine a loan of $420,000. The loan is to be repaid in six years (i.e., last payment at the end of month 72). If the APR of this loan is 7.80%, what will be your monthly payments?
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Engineering Economy
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