Business, 18.06.2021 05:00 nando3024

A student borrows $90,000 for business school at 9.0% stated annual interest with equal monthly payments over 9 years. Consider this as a loan with no payments or interest during school so that the problem structure is equivalent to a standard loan received one period before the first payment. How much is the monthly payment

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A student borrows $90,000 for business school at 9.0% stated annual interest with equal monthly paym...

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