What monthly payment is required to pay off a $50,000 loan in seven years, if the interest

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What monthly payment is required to pay off a $50,000 loan in seven years, if the interest rate on the loan is 7.5% compounded:
a. Annually?
b. Semiannually?
c. Quarterly?
d. Monthly?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

Question Posted: Jan 20, 2016 07:50 AM

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What monthly payment is required to pay off a $50,000 loan in seven years, if the interest

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Given PV 50000 j 75 PY 12 n 127 84 a If m 1 then i 375 c 3080 112 and i 2 1 i c 1 1075 0...View the full answer

Business Mathematics In Canada

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