Business, 02.03.2021 01:00 naomicervero

A total of $50,000 is borrowed and repaid with 60 monthly payments, with the fi rst payment occurring one month after receipt of the $50,000. The stated interest rate is 6% compounded monthly. What monthly payment should be made

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A total of $50,000 is borrowed and repaid with 60 monthly payments, with the fi rst payment occurrin...

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