What monthly payment is required to amortize a loan of $25,000 over 8 years if interest at the rate of 13%/year is charged on the unpaid balance and interest calculations are made at the end of each month? Round your answer to the nearest cent.
R = $__________

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The Answer of What monthly payment is required to amortize a loan of $25,000 over 8 years if interest at the rate of 13%/year is charged on the unpaid balance and interest calculations are made at the end of each month? Round your answer to the nearest cent.
R = $__________

What Monthly Payment Is Required to Amortize a Loan of $25,000