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rosijanka [135]
3 years ago
13

Imagine that you are buying a car and needed a loan for $20,000. Your interest rate is 5% and you want to pay it off in 6 years.

What would your monthly payment be?
Mathematics
1 answer:
Pepsi [2]3 years ago
8 0

Answer:

Step-by-step explanation:

let each

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Paul lands a home mortgage of $58,200 at a
qwelly [4]

Answer:

$72,100

Step-by-step explanation:

To calculate the total principal+interest payment, you can use the formula to find the future value:

FV=PV(1+i)^n

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n= Number of periods of time= 3 years

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