A total of 41000 is borrowed and repaid with 60 monthly


A total of $41,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring 1 month after receipt of the $41,000. The stated interest rate is 6% compounded monthly. What monthly payment should be made?

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Business Economics: A total of 41000 is borrowed and repaid with 60 monthly
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