A small business borrows 80000 at 84 interest compounded
A small business borrows $80,000 at 8.4% interest compounded monthly for 8 years.
a. What is the monthly payment?
b. What is the unpaid balance at the end of the first year?
c. How much interest was paid in the first year?
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a small business borrows 80000 at 84 interest compounded monthly for 8 yearsa what is the monthly paymentb what is the
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