Question
Which of the numbers below is closest to the monthly payment needed to pay off a loan of $1250 in 15 equal monthly payments,
Which of the numbers below is closest to the monthly payment needed to pay off a loan of $1250 in 15 equal monthly payments, if the annual interest on the loan is 7%, compounded monthly?
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
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