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Mathematics, 13.12.2021 21:00 alott1121
Sarah takes a small business loan for $25,000. The term for repayment is 60 months and the interest rate is 5.75%. Use the loan amortization formula, what is the estimated monthly payment? Monthly payment = P โ r(1+r)^n/(1+r)^n-1
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Sarah takes a small business loan for $25,000. The term for repayment is 60 months and the interest...
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