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Using both manual calculations and Moffcalc, calculate the monthly payment for a $416,000 loan. The loan is for 15 years. The Nominal Annual Interest
Using both manual calculations and Moffcalc, calculate the monthly payment for a $416,000 loan. The loan is for 15 years. The Nominal Annual Interest Rate is 11.39%. What is the Effective Interest Rate per year? What is the Interest Rate per Month? Does Moffcalc use nominal or effective rates in its input?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
