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stranahan stranahan
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7 years ago
You have agreed to a $25,000 fixed-rate loan from Valley State today and promise to repay the loan with 24 equal monthly payments at an APR of 7.50%. How large are your monthly payments? Use a financial calculator to determine your answer.
A) $1,218.17
B) $1,602.71
C) $1,124.99
D) $1,532.45
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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clockfitnessclockfitness
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you very much for this. It's really helpful.
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