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Mathematics, 06.04.2021 03:50 sailesd57
A loan of $105,501.70 is to be amortized over a 5-year term at 6% interest compounded monthly with monthly
payments and a $10,000 balloon payment at the end of the term. Calculate the monthly payment.
Please help, I donβt understand this. I keep getting the answer wrong.
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A loan of $105,501.70 is to be amortized over a 5-year term at 6% interest compounded monthly with m...
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