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Problem #5: A loan of $51,000 is paid off in 36 payments at the end of each month in the following way: Payments of $1275
Problem #5: A loan of $51,000 is paid off in 36 payments at the end of each month in the following way: Payments of $1275 are made at the end of the month for the first 12 months. Payments of S1275 + x are made at the end of the month for the second 12 months. Payments of $1275 + 2x are made at the end of the month for the last 12 months. What should x be if the nominal monthly rate is 13.6%? Problem #5: 23342.07 Answer correct to 2 decimals. Just Save Submit Problem #5 for Grading Attempt #3 Attempt #4 Attempt #5 Problem #5 Attempt #1 Attempt #2 Your Answer: 23342.07 Your Mark: 0/2X Problem #5: A loan of $51,000 is paid off in 36 payments at the end of each month in the following way: Payments of $1275 are made at the end of the month for the first 12 months. Payments of S1275 + x are made at the end of the month for the second 12 months. Payments of $1275 + 2x are made at the end of the month for the last 12 months. What should x be if the nominal monthly rate is 13.6%? Problem #5: 23342.07 Answer correct to 2 decimals. Just Save Submit Problem #5 for Grading Attempt #3 Attempt #4 Attempt #5 Problem #5 Attempt #1 Attempt #2 Your Answer: 23342.07 Your Mark: 0/2X
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