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Marilyn Post Borrowed $10,000 from Her Bank, Which Amortized the Loan

Question 47

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Marilyn Post borrowed $10,000 from her bank, which amortized the loan over 2 ½ years at a rate of 6% compounded monthly. Find the size of Marilyn's monthly payments. Use Tables 23-2A and 23-2B or a calculator.​

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$10,000 ÷ ...

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