Mathematics, 22.10.2019 01:00, donavancoulter712

Gerald wants to borrow $12,000 in order to buy an engagement ring. he wants to repay the loan by making monthly installments for two years.
if the interest rate on this loan is 9 1 2 % per year, compounded monthly, what is the amount of each payment?

Answers: 1

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Gerald wants to borrow $12,000 in order to buy an engagement ring. he wants to repay the loan by mak...