Question
You borrow $80,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of each
You borrow $80,000. You make monthly repayments over the next three years at a monthly interest rate of 3%. What is the amount of each monthly repayment?
a) $3,664.30
b) $28,282.43
c) $2,326.50
d) $26,800.11
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
5th Edition
0367335417, 978-0367335410
