A total of 50000 is borrowed and repaid with 60 monthly
A total of $50,000 is borrowed and repaid with 60 monthly payments, with the first payment occurring one month after receipt of the $50,000. The stated interest rate is 6% compounded monthly. What monthly payment should be made?
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short answer test satword limit 1000 wordsaim of assessmentthe purpose of this short answer test in-class assessment is
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a total of 50000 is borrowed and repaid with 60 monthly payments with the first payment occurring one month after
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