Financial Questions

User Generated

Fccuver0511

Business Finance

Description

Suppose that you borrow $8000 for 2 years @ 3%(12). If you make monthly payments of X except 3X in every 6 months. Find the payment for each month

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Explanation & Answer

Attached.

Running Head: Financial Question

1

Financial Question
Institutional affiliation
Date

Financial Question
Amount borrowed = $8,000
Interest r...


Anonymous
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