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Ok. You want to borrow $27,423. But you have to repay the loan in 6 years with equal monthly payments and a single $3,190 payment
Ok. You want to borrow $27,423. But you have to repay the loan in 6 years with equal monthly payments and a single $3,190 payment at the end of those 6 years. The interest rate is 14 percent nominal per year.
What is the amount of each payment? Thanks y'all
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