2 m Slope m y-intercept b = ? Equation 2.
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The monthly principal and interest payment John will pay monthly is $3,750.04
<h3>What is the amount of principal and interest repayment?</h3><h3 />Given:
- P = 10,000
- i = 5% / (12 months) = 0.375
- L = 36 months
Approximately,
M = $3,750.04
Therefore, John will be be repaying $3,750.04 monthly including principal and interest
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