Business, 24.12.2020 16:00 bryan12376

John secured a home improvement loan from a local bank in the amount of $10,000 at an interest rate of 9%, compounded monthly. He agreed to pay back the loan in 60 equal monthly installments. Immediately after the 24th payment, John decides to pay off the remainder of the loan in a lump sum. What will be the size of this payment

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John secured a home improvement loan from a local bank in the amount of $10,000 at an interest rate...

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