Mathematics, 03.03.2021 01:20, kuuleilani
Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.
Use this Monthly Payments for Short-Term Loans Rule of Thumb to estimate the monthly payment on a loan of $5000 borrowed over a five-year period. (Round your answer to the nearest cent.)
The monthly payment is at least $
Answers: 3
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Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answ...
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