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Title: Suppose you take out a $20,000 loan at a7.2% nominal annual rate. The terms of the loan require you ... Post by: marmech12 on Jul 30, 2023 Suppose you take out a $20,000 loan at a7.2% nominal annual rate. The terms of the loan require you to make 12 equal end-of-month payments each year for5years, and then an additional final (balloon) payment of $6,000 at the end of the last month. What will your equal monthly payments be? ▸ $314.54 ▸ $317.22 ▸ $320.86 ▸ $325.91 Title: Re: Suppose you take out a $20,000 loan at a7.2% nominal annual rate. The terms of the loan require you ... Post by: jcochran128 on Jul 30, 2023 Content hidden
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