You borrow 25000 from your local credit union at 12 percent
You borrow $25,000 from your local credit union at 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?
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you borrow 25000 from your local credit union at 12 percent compounded monthly you repay the loan by making equal
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