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20 January, 09:04

Which of these expressions can be used to calculate the monthly payment for

a 30-year loan for $190,000 at 11.4% interest, compounded monthly?

?

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  1. 20 January, 09:18
    0
    m = (r/n) + 0.114r

    Step-by-step explanation:

    m=monthly payment

    r=remaining amount

    n=# of months remaining
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