Joan Messineo borrowed $15,000 at a 14 percent annual interest rate compounded monthly to be repaid over three years. Th

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answerhappygod
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Joan Messineo borrowed $15,000 at a 14 percent annual interest rate compounded monthly to be repaid over three years. Th

Post by answerhappygod »

Joan Messineo borrowed $15,000 at a 14 percent annual interest
rate compounded monthly to be repaid over three years. The loan is
amortized into 36 equal monthly payments. Calculate the monthly
loan payment.
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