Question
What payment is required at the end of each month for 2.25 years to repay a loan of $1,522.00 at 9% compounded monthly? The payment
What payment is required at the end of each month for 2.25 years to repay a loan of $1,522.00 at 9% compounded monthly?
The payment is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
