Mobile health needs to replace its mobile medical unit to, Ask an Expert

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Mobile Health needs to replace its mobile medical unit to continue providing diagnostic services and preventative medicine to city residents. The van costs $120,000, and a bank is willing to lend the nonprofit the money at a 6% interest rate for 5 years. Payments are due at the end of each month, and interest is compounded monthly. How much should you budget for the monthly payment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800467

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