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Assume you have taken out a 25-year loan of $177,890 with an annual interest rate of 6.78%, compounded monthly. (a) Dete
Posted: Wed Jul 06, 2022 11:50 am
by answerhappygod
- Assume You Have Taken Out A 25 Year Loan Of 177 890 With An Annual Interest Rate Of 6 78 Compounded Monthly A Dete 1 (47.83 KiB) Viewed 33 times
Assume you have taken out a 25-year loan of $177,890 with an annual interest rate of 6.78%, compounded monthly. (a) Determine the payment amount (in dollars), to the nearest cent, on the given loan amount. $ 964292.78 X (b) Determine the outstanding balance (in dollars), to the nearest dollar, after 17 years. $561449.31 X