Math, asked by 7219494955, 4 months ago

What payment is required at the end of each month for 5 years to repay a loan of $20 000.00 at 6.0% compounded monthly?

Answers

Answered by Itzvaibhav007

Answer:

x at the end of each of 5 years. ... Suppose the payments are each 1 and the loan requires n ... payment amount during those 6 years? ... rate with equal monthly payments for 30 years.

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