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Business, 03.12.2021 23:10 Sofianevaeh1339

John borrows 50,000 50,000 that is to be paid back over ten years with level monthly payments at the end of each month. The interest is charged on the loan at a nominal rate of 10 % 10% compounded monthly. On the due date of the 50 th 50th payment, John decides to repay the loan in full with a single payment of Y Y. Calculate Y Y.

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