Mathematics, 12.04.2021 23:20, Dweath50

$2,500 at 6% for 3 years

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Calculate the total payback for a $3,500 loan at 8% annual interest with monthly payments for two years. show all of your steps. use the formula, m = pm(1 + m)^na/(1 + m)^na - 1, as needed.

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$2,500 at 6% for 3 years