Alex took a $83,000 loan at 2.2% compounded monthly and decided to make end of month payments of $2,902. 1) How many pay

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Alex took a $83,000 loan at 2.2% compounded monthly and decided to make end of month payments of $2,902. 1) How many pay

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Alex Took A 83 000 Loan At 2 2 Compounded Monthly And Decided To Make End Of Month Payments Of 2 902 1 How Many Pay 1
Alex Took A 83 000 Loan At 2 2 Compounded Monthly And Decided To Make End Of Month Payments Of 2 902 1 How Many Pay 1 (21.8 KiB) Viewed 29 times
Alex took a $83,000 loan at 2.2% compounded monthly and decided to make end of month payments of $2,902. 1) How many payments will Alex have to make to amortize this loan? (rounded to the next higher whole number) 2) What will the size of his final payment be? (enter a positive value)
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