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2 December, 01:36

A loan of 6,000 is to be paid in 48 equal monthly installments. Find the monthly payment. Use the formula L=PN, where L is the loan amount, P is the monthly payment, and N is the number of months.

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  1. 2 December, 05:27
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    6,000=125 (48)

    Step-by-step explanation:

    6,000=loan amount

    125=monthly payment

    48=number of months
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