basketball6307 basketball6307
  • 11-02-2022
  • Mathematics
contestada

James borrows 60000 dollars from a bank that charges interest at an annual rate of 5 percent, compounded monthly.
Calculate the monthly payment that James would have to make in order for the loan to be paid off after exactly 20 years.

Respuesta :

allylane2000 allylane2000
  • 11-02-2022

Answer:

$395.97

Step-by-step explanation:

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