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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 95
Find the reduction in their monthly payments.__________
Part of the savings in the monthly payment came from reducing the interest rates. The remainder of the savings came from extending the loans further into the future, meaning that the Hernandez Family will, in the long run, pay more interest. But at least their current bills are reduced by $715.11 per month.
Part of the savings in the monthly payment came from reducing the interest rates. The remainder of the savings came from extending the loans further into the future, meaning that the Hernandez Family will, in the long run, pay more interest. But at least their current bills are reduced by $715.11 per month.
Explanation
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The previous monthly payment i...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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