SIMPLE INTEREST AND DISCOUNT
Three years later, after graduating and finding a job, he decided to start paying off his loan. If the loan is amortized over five years at 9%, find his monthly payment for the next five years. MISCELLANEOUS APPLICATION PROBLEMS. For problems 1 - 4, assume a $200,000 house loan is amortized over 30 years at an interest rate of 10.4%. ................
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