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Mathematics, 27.02.2021 05:00 Seaisnowblue

You sign a lease to rent a High-rise apartment in New York City. The bank agrees to give you 1,500,000 loan with a 3% simple interest rate for 15 years.
How much will you owe back to the bank?
You have 15 years to payback the loan. How much will your monthly payments?

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