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Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years. what are the monthly payments

Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years. what are the monthly payments
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3 votes
Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years.

what are the monthly payments

User Teadotjay
by
8.2k points

2 Answers

4 votes
it would be 550 for the monthly paments
User Jacob Bellamy
by
7.8k points
4 votes
the monthly payment would be $550
User Minhaj Arfin
by
8.6k points
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