brohomo123 brohomo123

17-06-2020
Mathematics

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you purchase a cafeteria business for $15,000. you put $2,250 down and finance the rest to pay off the loan in 5 years at 12% true annual interest. what are your monthly payments to pay off the loan ?

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gilbertazavedo72 gilbertazavedo72

17-06-2020

Answer: $ 272.49

Step-by-step explanation:

Please see attached formula

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