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OpenStudy (anonymous):
A loan at 12% interest compounded monthly has a monthly payment of $600. If the unpaid balance is $6753 after 100 months, what is the unpaid balance after 101 months?
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OpenStudy (anonymous):
the answer is $7563.36
OpenStudy (anonymous):
Actually it's 6220.50... but I don't know how to get there.
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