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A man buys a car for $18000 with no money down. he pays for the car in 30 equal monthly payments with interest at 12% per annum compounded monthly. what is the monthly payment?

how many months will it take to pay off a $525 debt with monthly payment of $15 at the end of each month if the interest rate is %18 compounded monthly.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M939367

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