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Mathematics, 18.03.2021 01:00 giordanolucia18

You can calculate the monthly payment M (in dollars) for a loan using the formula L
M=
k=1
+i
where I is the loan amount (in dollars), i is the monthly interest rate (in decimal form), and t is the term (in months).
You are attending college. You take out a 15-year student loan for $15,000. The annual interest rate of the loan is 2.5%.
The monthly payment is


You can calculate the monthly payment M (in dollars) for a loan using the formula

L
M=
k=1
+i
whe

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Answers: 2

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You can calculate the monthly payment M (in dollars) for a loan using the formula L
M=
...
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