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Using a financial calculate, provide a solution to each of the following situations. Lynn Anglin owes a debt of $59,000 from the purchase of her
Using a financial calculate, provide a solution to each of the following situations. Lynn Anglin owes a debt of $59,000 from the purchase of her new sport utility vehicle. The debt bears annual interest 8.1% compounded monthly. Lynn wishes to pay the debt interest in equal monthly payments over 11 years, beginning one month hence. What equal monthly payments will off the debt and interest? On January 1, 2017, Roger Molony offers to buy Dave Feeney's used snowmobile for $11,500, payable in 4 annual installments, which are to include 7.00% interest on the unpaid balance and a portion of the principle. If the first payments is to be made on December 31, 2017, how much will each payment be
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