Homework Answers
5) A= d[(1+i)^nt - 1]/i
A= 150000
i= 3.6%/12= 0.003
nt=12*10= 120
150000= d[(1+0.003)^120 - 1)]/0.003
450= d(0.432557)
d= 1040.325
Monthly Payment should be 1040.325
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