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LenKa [72]
3 years ago
7

A $200,000 loan is to be repaid over 20 years in equal monthly installments of

Mathematics
1 answer:
kipiarov [429]3 years ago
5 0
There are 12 months in 1 yr......so in 20 years, there are (20 x 12) = 240 months.

200,000 / 240 = 833.33 per month
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