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abdinooy
abdinooy abdinooy
  • 23-02-2017
  • Mathematics
Answered

Trey is taking out a loan for $85,000. It is a 20-year loan with an APR of 5.85% What will his monthly payment be?

Verified Answer :

wolf1728
wolf1728 wolf1728
  • 27-02-2017

Going by the attached formula, the monthly payment equals $601.63
 

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