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15 February, 04:17

Bart needs to borrow $7,000 from a local bank. He compares the monthly payments for a 9.75% loan for three different periods of time

a. What is the monthly payment for a one-year loan?

b. What is the monthly payment for a three-year loan?

c. What is the monthly payment for a five-year loan?

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Answers (1)
  1. 15 February, 05:17
    0
    Use the table of monthly payments per $1000 of principal
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