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OpenStudy (anonymous):
here is my numbers for compound interest formulas. 50000, 9% int., 7 years, compounded monthy. What i know is P=50000, R=9%, n=12, and t =7. The problems are what is monthly payment with showing formula? what is unpaid balance after 1st year showing formula. and what is unpaid balance after 6th year and showing formula.
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