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QUESTION
What monthly payment is required to amortize a loan of $50,000 over 15 yr if interest at the rate of 11%/year is charged on the unpaid balance and
What monthly payment is required to amortize a loan of $50,000 over 15 yr if interest at the rate of 11%/year is charged on the unpaid balance and interest calculations are made at the end of each month?
