Math, asked by ITZshubh, 1 month ago

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Answered by harshit5864
1

Answer:

= Payment amount per period. P = Initial principal or loan amount (in this example, $10,000)

...

When you plug in your numbers, it would shake out as this:

P = $10,000.r = 7.5% per year / 12 months = 0.625% per period (0.00625 on your calculator)n = 5 years x 12 months = 60 total periods.

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