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Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Troy Juth wants to purchase new dive equipment for Underwater
Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $79,000 loan at 9% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2) Note: Round your answer to the nearest cent
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