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please help me. thank you. Question 1 What is the MONTHLY payment on a $72 thousand, 26-year amortized loan. Assume the loan has a 5.7%
please help me. thank you.
Question 1 What is the MONTHLY payment on a $72 thousand, 26-year amortized loan. Assume the loan has a 5.7% APR. HINT. Make the adjustments to convert (1) the APR into a monthly periodic rate; and (2) 'N" into the number of months Enter your answer as a number with two places of precision (.e. 100.54). Do not use commas or the dollar sign. Do not enter your answer as a negative number. Question 2 What is the annual payment on a $49 thousand, 20-year amortized loan. Assume the loan has a 6.7% APR. Enter your answer as a number with two places of precision (i.e. 100.54). Do not use commas or the dollar sign. Do not enter your answer as a negative numbeStep by Step Solution
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