Business, 05.02.2021 22:10 Alexandra079

A total of $54,000 is borrowed and repaid with 48 monthly payments, with the first payment occurring one month after receipt of the $54,000. The stated interest rate is 8.50% compounded quarterly. What monthly payment is required

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A total of $54,000 is borrowed and repaid with 48 monthly payments, with the first payment occurring...

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