Ans $ 7729.13
| P = | Regular Payments |
| PV = | Loan Amount |
| r = | rate of interest |
| n = | no of periods |
| P = | r (PV) |
| 1 - (1 + r )-n | |
| P = | (8.25%)*85000 |
| 1 - (1 / (1 + 8.25%)^30)) | |
| P = | 7012.5 |
| 0.907282257 | |
| P = | 7729.13 |
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need help thanks!
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Can you solve this problem for me please?
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