Question
What monthly payment is required to amortize a loan of $45,000 over 14 years if interest at the rate of 6% /year is charged on
What monthly payment is required to amortize a loan of$45,000over14years if interest at the rate of6%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.)
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
