Question
Rowen just borrowed $30,000 for seven years at an interest rate of 7.5 percent, compounded monthly. What is the amount of each monthly loan payment?
Rowen just borrowed $30,000 for seven years at an interest rate of 7.5 percent, compounded monthly. What is the amount of each monthly loan payment?
Multiple Choice
$4,393.52
$5,664.01
$472.00
$2,255.19
$460.15
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The Legaltech Book
Authors: Susanne Chishti ,Sophia Adams Bhatti ,Akber Datoo ,Drago Indjic
1st Edition
1119574277, 978-1119574279
