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You are buying RV for $380,000. Term of the loan: APR 7.12% (monthly), 10 years. What is your monthly payment? (Use PV annuity formula and
You are buying RV for $380,000. Term of the loan: APR 7.12% (monthly), 10 years. What is your monthly payment? (Use PV annuity formula and financial calculator to calculate PMT). What is interest in the third month?
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