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The owner of a small business borrowed $ 1 0 0 , 0 0 0 with an agreement to repay the loan with monthly payments
The owner of a small business borrowed $ with an agreement to repay the loan with monthly payments over a fiveyear time period. If the interest rate is per year compounded monthly, what would be his loan payment each month?
The owner of a small business borrowed $ with an agreement to repay
the loan with monthly payments over a fiveyear time period. If the interest
rate is per year compounded monthly, what would be his loan payment
each month?
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