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    Patrick Would Like to Know the Monthly Payments and the Total
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Patrick Would Like to Know the Monthly Payments and the Total

Question 77

Question 77

Essay

Patrick would like to know the monthly payments and the total finance charges on the following 2 loans: (Show all work. )
a.
$30,000,9%,36 months
b.
$30,000,9%,48 months

Correct Answer:

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a.
36 month loan: PV=30,000,I=...

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