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Mathematics 5 Online

OpenStudy (anonymous):

To borrow $2,500 at 10% annual interest for two years, what would be the monthly payment? Use M = Pm(1+m)na/((1+m)na –1). Hint m = 0.10/12, n = 2, and a = 12. A. $85.15 B. $115.40 C. $125.72 D. $138.48

12 years ago

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