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Sheridansigned a $37,800,5% bank loan on November 1, 2019, due in2years. Interest is payable on the first day of each following month. How can I
Sheridansigned a $37,800,5% bank loan on November 1, 2019, due in2years. Interest is payable on the first day of each following month. How can I find what the amount to pay is? I already tried 37,800 times 5% divided by 24 months but it keeps telling is not the right answer. Help please!
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