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Brrunno [24]
3 years ago
11

Trey is taking out a loan for 85000. Its a 20 year loan with an APR of 5.85. What will his monthly payment be

Mathematics
2 answers:
m_a_m_a [10]3 years ago
4 0
M=[(85000*(0.0585/12))(1+0.0585/12)^(12*20)] divided by [(1+0.0585/12)^(12*20))-1]=601.63
Hope it helps
Flauer [41]3 years ago
3 0
M=[(85000*(0.0585/12))(1+0.0585/12)^(12*20)] divided by [(1+0.0585/12)^(12*20))-1]=601.63
Hope it helps
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