Question
Show your work. Suppose that John takes a loan of 7000 today and pay 1000 in 3 years. He plans to pay the balance in
Show your work. Suppose that John takes a loan of 7000 today and pay 1000 in 3 years. He plans to pay the balance in 5 years. If the interest rate is 12% compounded monthly, what is his payment in 5 years?
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The 10 Step Formula To Teach Your Easy
Authors: Catherine E Storing
1st Edition
1735644706, 978-1735644707
