Find the periodic payment r required to amortize a loan of
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)
P = 50,000, r = 5, t = 15, m = 4
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joe secured a loan of 11000 two years ago from a bank for use toward his college expenses the bank charges interest at
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