Mathematics, 28.06.2020 04:01 raprocksbob

A loan of $105,487.80 is to be amortized over a 10-year term at 6% interest compounded monthly with monthly payments and a $20,000 balloon payment at the end of the term. Calculate the monthly payment. The monthly payment is $
(Do not round until the final answer. Then round to two decimal places as needed.)

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A loan of $105,487.80 is to be amortized over a 10-year term at 6% interest compounded monthly with...

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