Question
You have to make some home improvements and need to borrow $3000 to pay for them. You can get an 8.7% add-on loan from a
You have to make some home improvements and need to borrow $3000 to pay for them. You can get an 8.7% add-on loan from a savings and loan association to be repaid in installments over 2 years. How much is you monthly payment? Round you answer to two decimal places.
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
